Tag Archives: CBF

A draft proposal co-signed by Brazil President Lula da Silva and Finance Minister Fernando Haddad has recommended that  a 15% gross gaming revenue (GGR) tax be applied to sports betting activities.  News of the proposal submitted to the Attorney General’s National Treasury Office (PGFN) was reported during the Easter break by Brazilian business news source Poder360. As reported, Lula and …

CBF, the Football Confederation of Brazil, has demanded that the government guarantee a larger % share of revenues generated from a federally sanctioned sports betting regime.  The CBF has issued its formal proposal that a ‘betting regime guarantee 4% share of gross revenues to be distributed across its football leagues’. As such, the governing body of pro-football in Brazil seeks …

Fernando Haddad, Brazil’s Minister of Finance, has shared that the Presidency of Lula da Silva will focus on moving forward on “electronic gaming”, and sanction a  sports betting regime. Yet, new details of a federal bill show that online casinos will not be included in upcoming plans.  Sports news outlet Panorama Deportivo cited Ministry sources and explained what the regulation …

EstrelaBet has turned to the Brazilian Football Confederation (CBF) in finalising a sponsorship for all of the country’s futsal teams until 2025. The partnership with CBF Futsal will give the gambling firm branding on the chest of the team shirts, both in games and in training. Head of Sponsorships at EstrelaBet, Rafael Zanette, said: “We consider this partnership one of …