Brazil’s government faces growing demands to explain why it will apply the highest operating tax charge to its pending federal sports betting marketplace The demand for an explanation comes as Congress begins its 120-day review of ‘provisional measure No-1182’ signed by President Lula da Silva on 25 July. Entering a critical juncture for the passage of Brazil’s long-mooted sports betting …
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IBJR calls for a rethink on Brazil’s betting tax and licensing demands
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 …
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