Brazil is going through a crucial moment regarding gambling regulation, and Andre Gelfi shared his expert perspective with us. His words carry great authority as he is not only Managing Partner Brazil of Betsson Group but has also been elected president of the recently created Brazilian Institute of Responsible Gaming (IBJR).
The sports betting sector in Brazil is on the verge of being regulated, according to statements by the Minister of Economy, assuring that the measure will be approved shortly. Being president of the Brazilian Institute of Responsible Gaming (IBJR), what do you think about the gambling regulation process finally coming to fruition?
With great enthusiasm. We understand that regulation is fundamental for the market to function in a sustainable way; the current context is unsustainable, and the 4 lines are missing. It will be a measure that will bring many benefits to the country, generating more revenue with millions in taxes, the economic impact on the formal economy, and the protection of society.
From your position in the IBJR, what is the role of the institution in this regulation process?
We want the IBJR to be a reference in the discussion of responsible gambling, promoting events, discussions, and exchange of perspectives, for example, among doctors, psychologists, operators, and the press. Giving visibility to this debate is fruitful. Our role is to facilitate this gathering of perspectives, the identification of problems, and the search for solutions. The Institute has this fundamental role.
Regarding the State, what measures do you think a Government should adopt to generate responsible gambling and fight against evils such as addiction or money laundering?
The government has a clear path to follow; there have been years of studies and analysis. The international market is broad and has references to what works and what doesn't. It is essential that the regulation establishes requirements to curb: money laundering and compulsion, in addition to active collaboration in the manipulation of sports results.
Going back to the IBJR, how did the idea of creating it come about? What objectives did you intend to achieve by bringing together the largest operators in the country?
IBJR was created at the request of the Brazilian authorities at the initiative of some of the founders who were already part of the Betting and Gaming Council (BGC), which has been collaborating with the Brazilian authorities for some years in discussions related to the regulation of sports betting.