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As Brazil’s regulated iGaming market is set to launch on January 1, 2025, it’s crucial for businesses in the industry to get ready for this transformative shift. To help you navigate the transition smoothly, PayBrokers has created a practical checklist highlighting the essential steps you need to take to adapt and thrive in this new landscape. 1. Submit balance migration approval requests by December 13 If you plan to migrate balances, don’t forget that the final deadline is December 13, 2024. This is the last day to submit approval requests to the Secretariat for balance migration within the Alternative Payment System (SPA). 2. Set up accounts in the authorized environment Ensure your business has accounts established in the authorized environment. This is a critical requirement for operating in the regulated market and avoiding any interruptions to your activities. 3. Obtain player consent for balance migration Begin collecting player authorizations to migrate their existing balances to the regulated environment. Clear and transparent communication with your users is key to building trust and facilitating the process. 4. Plan the transition from international to domestic operations Migrating from an international to a domestic environment is a significant step. It’s essential to ensure that all payment flows are properly integrated and directed to regulated IP accounts as their final destination. 5. Confirm technological integration Verify that the Payment Institution (IP) platform you’re using is technologically capable of supporting the requirements of the regulated market. The platform should be robust, efficient, and fully certified to handle this transition seamlessly. Need assistance? Have questions about any step of this process? The PayBrokers commercial team is here to help. Our priority is to ensure your transition is secure, efficient, and fully compliant with regulatory requirements.