Tag Archives: Brazil Bets

The CPI’s rapporteurs are demanding a shock to the system and reset of the governance, regulation, and enforcement of Brazil’s online gambling sector. Ricardo Assis, Editor of SBC Noticias Brazil declares that all regulatory conditions of the Bets regime are placed under scrutiny.  A series of radical reforms, penalties and criminal enforcements have been proposed by the Senate’s Commission Inquiry …

Brazil’s Ministry of Finance has approved a Provisional Measure (MP) to raise the Gross Gaming Revenue (GGR) tax rate on betting companies from 12% to 18%. The decision, taken on Sunday evening following high-level consultations needed for President Lula da Silva and PT administration to rebalance public finances and budgetary measures. As first reported by SBC Notícias Brazil, the measure …

Tax deliberations have re-emerged once more in Brazil’s Senate and the Chamber of Deputies related to the future governance of the Bets regulatory regime reports Ana Maria Menezes On Friday, prominent media outlets O Globo and Folha de S.Paulo reported that the government’s economic team had “held discussions to raise the Gross Gaming Revenue (GGR) tax on betting operators from …

Trade bodies representing the interest of Brazil’s regulated online gambling market have unified in calling for a revision of tax policy and burdens attached to the sector. The trade bodies have issued a united appeal to halt further tax increases on Brazil’s newly regulated betting sector. The six trade associations are: Brazilian Association of Games and Lotteries (ABRAJOGO),  Betting and …

Ricardo Assis, Editor of SBC Noticias – Brasil, reports on the Senate of Brazil backing a Bill of federal rules on gambling advertising.  Caution is advised, as Série A football clubs warn that the restrictions could undermine a vital revenue stream and raise concerns over how such a statute will be applied in practice… The Commission of Sports (CEsp) of …

Continuing its evaluation of the Bets regime, the Senate’s Commission Inquiry has held its liveliest testimony yet, hosting social media influencer Virginia Fonseca. A headline-grabbing session of high-jinks and drama underscored both the cultural prominence of online gambling among Brazil’s Gen-Z consumers and the state’s responsibility to protect under-24s from excessive behaviours.  Fonseca, a YouTube-born personality turned beauty and lifestyle …

The sensational arrest of Daniel Pardim during his testimony before the CPI brings to light the difficulties Brazilian authorities face in pursuing justice for illicit gambling activities that occurred prior to the implementation of the Bets regime. Drama unfolded at the latest hearings of the commission inquiry of the Bets regime led by Senators Soraya Thronicke (Podemos-MS) and Dr Hiran …

Brazil’s Senate has waded into a minefield of opinions over new gambling advertising laws, with no side yielding any ground. The Bets regime faces yet another fracture, testing political nerves and public sensitivities alike. The Senate of Brazil has heard opposing views on whether to proceed with further legislation of gambling advertising as part of the ‘Bets’ regulating betting regime. …

The regulatory agenda of Brazil’s Bets regime has been dominated by the primary objective of safeguarding Bolsa Família recipients from gambling. Yet emerging evidence reveals systemic fraud extending beyond online betting, exposing both moral and legal fractures in the effort to shield Brazil’s poorest from economic harm. _____________________ In September, the Central Bank of Brazil (CB) released its ‘monitoring report’ …

The Secretariat of Prizes and Betting (SPA) will host a meeting on 4 April to begin coordination with Brazil’s federal states to establish a National Betting System. Discussions will be led by SPA President Regis Dudena, who last week sent an invitation to the governors of Brazil’s 26 federal states to participate in discussions with the Ministry of Finance (MEF). …