Tag Archives: Fernando Haddad

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, …

Developments to implement a federal sports betting regime in Brazil progress as members of the Ministry of Management and Innovation in Public Services (MGI) will meet with the Ministry of Finance to create a new ‘betting secretariat’ in charge of the funds raised from a regulated sector.  Finance Minister Fernando Haddad needs the approval of certain key figures in the …

The newly formed Brazil Institute for Responsible Gaming (IBJR) has warned the government that its proposed measures to regulate sports betting carry ‘unnecessary market risks’.  The new trade body – which formed this May and carries the membership of bet365, Flutter, Entain, Betsson Group, Betway Group, Yolo Group, NetBet Group, KTO Group, and Rei do Pitaco – has written to …

Arthur Lira, the President of Brazil’s Chamber of Deputies, has intervened in the process of regulating a federal sports betting regime. Representing the Lower House of Brazil, Lira has demanded that the government’s “provisional measure” to regulate sports betting be converted into a federal bill. Last week, Brazilian ministries received a “provisional measure” drafted by the Ministry of Finance, which …

Yesterday afternoon, Brazil’s federal government notified agencies of its imminent plans to publish provisional measures required to regulate a fixed-odds sports betting market.  Via SBCNoticias, further developments have been uncovered in relation to the regulatory development of Brazil’s pending sports betting regime, with measures drafted by the Ministry of Finance and due to be endorsed by President Lula da Silva. …

Brazil’s government is yet to settle on the final criteria of its pending tax framework for a federal sports betting regime.  As reported by local media, Sports Minister Ana Moser has put forward the ‘economic team on sports betting’ – a proposal to increase the gross gaming revenue (GGR) tax rate from 15%-to-16%. In her proposal, Moser recommended that the …

Addressing London’s LIDE ‘Brazil Business Leaders’ Conference on 21 April, Senate President Rodrigo Pacheco underscored the fiscal importance of implementing a federal sports betting regime.  The legalisation of sports betting was branded as a key component of President Lula da Silva’s ‘revenue strategy’, which aims to raise “potentially over RL100 bn ($18 bn) in 2023”. Pacheco revealed that the Senate …