The Ministry of Finance is studying the possibility of implementing the “.bet” domain on the websites of bookmakers in Brazil. The idea is that only authorized bookmakers will have the domain in their URLs.

The “.bet” extension must appear in URLs before .br. The aim of the initiative is to enable better identification of companies that operate within the law and make it more difficult for those that are in an irregular situation to operate.

According to a report by Folha de São Paulo, the Ministry of Finance has already informally consulted the Information and Coordination Center for Ponto BR (NIC.br), a body of the Internet Steering Committee in Brazil responsible for creating domains in the country.

Aposta Legal Brasil asked the department about the initiative and will update the article with more information as soon as it receives answers.

Still lacking definition

According to Folha’s findings, it is still necessary to define who will manage the domain, being responsible for authorizing or not certain sites and saying which addresses belong to regular companies and can be released.

According to the newspaper, there are people involved in the process within the Treasury who defend the use of the domain “.apostas”, instead of “.bet”.

The betting sector is still awaiting further definition on how the licensing and inspection process will take place in Brazil, following the approval of regulations at the end of last year.

The Ministry of Finance must still publish 11 more ordinances to detail different aspects related to regulation, including the licensing of companies interested in operating in the country.

The ordinances must be published through the Prizes and Betting Secretariat, which is still without a secretary.

Last year, the ministry opened a form for expressions of interest and more than 130 companies expressed interest in exploring fixed-odds betting in Brazil.