Federal MP Kim Katagiri (União Brasil-SP) said at the opening of the Legislative Year this Wednesday (February 1) that his priority is to move forward with the legal framework for the Games. Bill is not. Decree No. 2796 of 2021 creates a legal framework for the electronic games and fantasy games (fantasy games) industry in order to stimulate the development of these markets in the country. The proposal is awaiting approval from the Federal Senate.
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According to the President of the Brazilian Fantasy Sports Association (ABFS), Rafael Marchetti Marcondes, the Legal Framework is important for the development of the entertainment industry, as it will ensure the safety of consumers, investors and operators, further consolidating the gaming market. market in Brazil.
The legal framework for games matches economic freedom
“The bill, which is in Congress, is fully consistent with the Economic Freedom Act. It should be noted that the fantasy sports market in Brazil is potentially regarded as the third largest market in the world. So what we have is that in 2022 the sector moved about 66 million Brazilian reals in Brazil. It is estimated that with the regulation of Fantasy Games, about 5,000 direct and indirect jobs will be created next year, and market revenue will grow by 120% by 2026. It is clear that this is a great investment and a great opportunity for Brazil.” , emphasizes Marcondes.
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Source : Married Games
