Brazilian authorities are considering the adoption of the .bet domain for licensed gambling platforms in a bid to distinguish legitimate sites from fraudulent ones. The move aims to streamline oversight and regulation of online betting activities. While specifics regarding oversight responsibilities remain unclear, it's anticipated that the Ministry of Finance and the Prizes and Wagering Secretariat will play key roles in implementation.
If approved, licensed bookmakers would be eligible to register their websites under the .bet domain. While the process is expected to proceed smoothly, there are voices advocating for the use of "bets" instead of "bet" in the domain to better reflect the industry.
President Lula da Silva recently voiced concerns about online sports betting, highlighting the accessibility of such activities across age groups. He emphasized the need for careful consideration and regulation to mitigate potential risks associated with online gambling.
