Brazil's Prize and Betting Secretariat welcomes its new permanent head this week, as Daniela Cardozo, who served as the interim director for two months, officially takes over. Her appointment was announced by the new Minister of Finance via social media on Monday. Cardozo joined SPA in November 2024, serving as the General Coordinator for Gambling Monitoring, Deputy Secretary-General, and became the interim head at the end of January this year when the previous head left. In plain terms, the transition period has ended, and this veteran regulator with a legal background has officially secured her position. Want to know the latest updates on Brazilian gambling regulation? Follow PASA's official website continuously.
Background: Law graduate, signed the 2026/27 regulatory agenda
Cardozo holds a law degree, like the previous head, originating from the legal field. In February this year, she signed SPA's biennial regulatory agenda for 2026/27 as the interim head. During her tenure, she will focus on advancing this agenda, concentrating on improving the Brazilian licensing process and continuously combating the still rampant illegal gambling activities.
Three major challenges: Market attribution prediction, political pressure, illegal gambling
Upon taking office, Cardozo faces multiple challenging issues. First is the regulatory attribution problem triggered by the entry of market operator Kalshi into Brazil — SPA has clearly stated that no Brazilian company is currently authorized to operate the prediction market, but whether this area falls under SPA's jurisdiction or the Brazilian Securities and Exchange Commission's is still unresolved. Next is the ongoing political pressure; this month, senators have proposed legislation attempting to restrict operators from retaining customers through banning loyalty programs and cashback mechanisms. The third is combating black market gambling, which is a long-term core task for SPA. Want to know the latest updates on Latin American gambling regulation? Follow PASA's official website continuously.
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This article is from "PASA-Global iGaming Leaders," a gambling industry news channel: https://t.me/pasa_news
Original in-depth gambling channel: https://t.me/gamblingdeep
Free data reports: @pasa_research
PASA Matrix: @pasa002_bot
PASA official website: https://www.pasa.news
