A new working group including the Secretariat of Prizes and Bets is being established in Brazil to monitor the newly-regulated online sports betting industry.

The Intersecretariat Working Group, called GTI-Bets, will be made up of members of the Secretariat of Prizes and Bets, part of the Ministry of Finance, and the Special Secretariat of the Federal Revenue of Brazil.

It will look at tax regularity and the maintenance of the licensing requirements for authorised operators. GTI-Bets will also subsidise the identification of possible illegal operators.

It will subsidise a proposal for a compliance program to regularise tax obligations for authorised operators’ revenues before they were fully licensed.

And it will propose the creation of a “specific channel” for sharing information about the online sports betting sector in Brazil.

Out of three membership arcs of GTI-Bets, one is the Sub-Secretariat of Inspection of the Federal Revenue of Brazil (Sufis) and another is the General Coordination of Research and Investigation of the Brazilian Federal Revenue Service (Copei).

The Secretariat of Prizes and Bets will make up the working group’s membership.

GTI-Bets will run for an initial six-month period, but members can choose to extend its work. It will present bimonthly reports to the Secretariats in addition to a “conclusive report” at the end of its initial cycle.

“GTI-Bets may request information directly from any unit of the Ministry of Finance, within its respective attributions and competences,” said an ordinance published in Brazil’s Official Gazette of the Union.