The federal government is considering publishing Fortune Tiger, the popular “Tigrinho Game” in Brazil. Members of the Ministry of Finance said: g1 The app was stated to have “almost all the necessary features” to be included in the Betting Law (Law No. 14,790/2023), which was approved in December 2023.
“The betting industry and some experts predict that: Fortune Tiger falls under the betting law section. This is because online gaming is based on randomness,” sources said. G1“Others consider it illegal because of a 1946 ordinance that banned games based solely on chance,” he adds.
“HE Fortune Tiger is a type of level warrioror slot game. In such games, the results should be determined randomly and the prize should depend entirely on luck. Bettors can win, but normally the biggest chance is to lose (similar to what happens in a lottery, where the chance of winning is much smaller than the chance of losing), sources from the Ministry of Finance said.
Right now, Ministry of Finance continues to improve regulations on online gamingThese standards will determine whether a game meets the standards offered by Brazilian companies.
To: Sources say the Betting Act has opened up space for games like Fortune TigerThis is because there is transparency in the amount the bettor can win regarding the money bet and the outcome is random.
If it is under the Betting Act, JTigrinho’s game could be offered by companies based in BrazilThe Ministry of Finance plans to block access to similar applications hosted abroad through the National Telecommunications Corporation (Anatel) in order to ensure regularity of service.
However Verification of games like Fortune Tiger needs to be scanned by companies accredited by the Ministry of FinanceThe companies that make up the group are Gaming Associates Europe Ltd, BMM Spain Testlabs, eCogra Limited and Gaming Laboratories International LLC.
Betting to be regulated in Brazil
This month, The Ministry of Finance should issue seven more regulations to regulate the betting marketThe organization will determine how Brazilian-based platforms identify, qualify and assess the risks of bettors and report suspicious transactions to the Financial Activities Control Council (Coaf).
To: Regulations should also address issues specific to gamessuch as the rules regarding virtual slot machines and other online games, the prevention of gaming addiction and the rights and duties of bettors towards consumers.
In June, the Senate Committee approved a bill (PL 2,234/2022) that legalizes gambling, Jogo do Bicho, bingo, casinos and horse betting in Brazil. The standard establishes the rules for the category and defines that the activities will be coordinated by the Ministry of Finance.
Source: Tec Mundo
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