Tag Archives: Fernando Haddad

The Ministry of Finance of Brazil has outlined plans and a timetable to establish the regulatory policy of the Prizes and Betting Secretariat (SPA), the government agency that will serve as the regulatory authority of the betting market. Latest developments to progress the launch of the betting market, establishing a federal sports betting and online gambling marketplace in Brazil, saw …

Pressure mounts on Fernando Haddad, Brazil’s Minister of Finance, to name a President of the Secretariat of Bets and Prizes, an appointment needed to finalise the launch of Brazil’s federal sports betting marketplace. In Congress, frustration mounts as the Ministry of Finance has yet to publish the final schedule to launch the ‘Bets’ regime as authorised on 2 January by …

The Ministry of Finance of Brazil has confirmed that José Francisco Manssur has resigned from his post and will no longer participate in the final procedures of the forthcoming launch of Brazil’s federal sports betting marketplace. Manssur served as a principal adviser to the government in drafting Bill No. 3,626/2023, which forms the legislative framework for Brazil to launch its …

The Senate of Brazil has updated its weekly schedule, announcing that a vote on Bill 3,626/23 to regulate a federal sports betting marketplace will take place on Wednesday 6 December. The announcement was confirmed by the Senate’s gazette, declaring that the plenary session will vote on two federal laws on Wednesday, related to regulating sports betting and on working rights …

The final vote needed to approve the launch of Brazil’s federal sports betting marketplace has been postponed. The plenary of the Federal Senate was scheduled to vote on Bill 3,626/23 today (Wednesday, 29 November). However, last-minute deliberations see senators divided on the inclusion of online games (casino) incorporated in the bill’s text. Bargaining reportedly went down to the wire, but …

The Economic Affairs Commission (CAE) of the Senate of Brazil has concluded its review of the tax and fiscal modalities of Bill 3,626/23 – submitted by the government to regulate a federal fixed-odds betting market.  The review marks the final assessment of Bill 3,626/23 by a legislative advisory, as the Senate will forward the Bill to the Plenary of the …

Brazil is taking a significant step forward in launching its federal online gambling marketplace. This afternoon, the Ministry of Finance published Ordinance No. 1330, which provides comprehensive requirements for businesses operating within the market. As announced in the Ministry’s official gazette, all operators interested in entering the market are required to declare their intentions within 30 days—a measure aimed at …

September is poised to be the make-or-break month for the passage of Brazil’s desired federal sports betting marketplace, as pressure mounts on the government to settle final terms. Yesterday, Arthur Lira, President of the Chamber of Deputies, declared that a Bill to launch and regulate Brazil’s sports betting market must be presented by 9 September. The matter carries a ‘constitutional …

Brazil sees further positive developments on its journey to launch a federal sports betting market,  as President Lula da Silva formally signs off on the ‘provisional measure No-1182’.  Lula’s signature sees the PT (Workers Party) government throw its full weight into legislating a sports betting market in Brazil, to be launched within the coming months. Starting this week, Congress will …

The Parliamentary Investigation Commission (CPI) examining betting fraud and match-fixing scandals in Brazilian sports will not convene until August. The decision was announced by Arthur Lira, the Speaker of the House of Representatives, who cited that the CPI investigation had been “pushed down the legislature’s list of priorities”, choosing to focus on policies related to fiscal matters. From 18 July, …