When publishing aconciergeestablishing a series of new rules for the operation of sports betting and online gaming companies in the country, on July 12, the Secretary of Prizes and Bets, of the Ministry of Finance, took the definitive step to consolidate a trend that has been solidifying in the field of legal technology for a few months: the increase in investigations into the integrity of the organizations involved in the ecosystem of this activity as well as the clients and partners of the so-called Bets. O Kronoos, platform that conducts research in thousands of sources to verify the integrity of individuals and companies, has already recorded a 40% increase in the number of proposals originating from betting houses and is preparing for an increase in new requests in the coming months
In practice, the document published by the Secretary establishes the requirement that the institutions promoting betting and games classify the risk of bettors in a structured manner, employees, partners and outsourced service providers. In article 11 of the general provisions, the text states that "The betting operator must submit an annual report to the Secretary of Prizes and Bets, until February 1 of the following year, with information on best practices adopted in the previous year, in order to comply with the provisions regarding the policies, procedures and controls provided for in this Ordinance
To the CEO of Kronoos, Alexandre Pegoraro, some items present in the ordinance make the operation of these betting houses unfeasible without the use of cutting-edge technological solutions. These companies will have to provide detailed reports on the legal and reputational conditions of the users of their products and services, as well as other organizations with which they come to interact for the operation of their businesses. Humanely, "it is impossible to obtain this level of information about such a large volume of individuals and legal entities as is necessary to ensure the operational health of this type of venture", say
He cites as an example item II of article 16 of the resolution. The wording of this point states that the qualification procedures must include measures aimed at verifying the status of the bettor or user of the platform as a politically exposed person (PEP), relative up to the second degree, representative or close collaborator of a person in that condition, in accordance with the regulation issued by Coaf
"The execution of this type of verification is an extremely technical and complex task". In this way, to comply with this type of obligation, the best way for bets to comply with the law quickly, efficiency and lower investment needs is to rely on the partnership of companies that develop specialized technology for this. They can do all of this in a matter of seconds, with a highly elevated degree of assertiveness and charging only for the volume of use, explain
