Tag Archives: Jair Bolsonaro

Brazil reforms working group to implement gambling laws against a tight timetable 

Brazil’s Chamber of Deputies has reinstated a ‘working group’ to ensure that a new regulatory regime is approved to adopt and regulate new gambling laws.   Brasil Socialist Party deputy member Felipe Carrera will lead the working group, reporting developments to Senate President Rodrigo Pacheco. The group is reported to have reinitiated meetings this week to ‘untangle the path’ for Brazil’s …

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Brazil: Chamber of Deputies approves gambling regulation in a historic vote

To the surprise of observers, Thursday, February 24, 2022, will go down in history as the day Brazil finally approved a gambling regulation. In the final hours of a discussion that began on Wednesday afternoon, the Chamber of Deputies took Bill 442/91 to a vote with 246 votes in favour, 202 against and 2 abstentions. The result will allow South …

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Brazil to hold ‘Chamber discussions’ on gambling’s future

Arthur Lira, President of the Brazilian Chamber of Deputies, has reportedly met with counterpart legislators to asses if conditions have been met to debate gambling regulation this week. Reported by BNL Data, Lira has confirmed that the proposal will be part of this week’s delegated agenda In recent days, both Lira and the head of the Government in the Chamber, Ricardo Barros, …

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Bolsonaro veto expected for proposed Brazil gambling regulation

Brazilian President Jair Bolsonaro has revealed in an interview with Veja that he has been in touch with government officials in regards to a proposed gambling legislation but warned that he will not allow the market to be regulated, according to a report shared by BNL Data. As Bolsonaro admitted, “the measure will not count with the support of the Government …

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New SECAP secretary confident of launching Brazil’s sports betting regime by 2022

Gustavo José de Guimarães, the new secretary of SECAP, the agency leading Brazilian public policy development for the agriculture, energy and lottery sectors, has revealed that the government expects the sports betting sector to be regulated before the end of the year and up and running by 2022. According to comments made by local outlet Valor, shared by BNL Data, …

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Bolsonaro approves GGR tax modification for Brazil’s inbound sports betting regime

Brazilian President Jair Bolsonaro has signed into law a federal decree that regulates tax regimes for a number of industries, including Brazil’s yet to be launched sports betting regime.   Signed as Law No. 14,183, the order was included in the Official Gazette of Thursday 15 July. The decree’s mandate stems from the ‘Provisional Measure 1,034/2021’ previously approved by the Plenary …

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NSoft: All eyes on Brazil – the largest market potential in Latin America

NSoft: All eyes on Brazil - the largest market potential in Latin America

NSoft’s long-term retail experience will become an invaluable asset for betting and gaming operators eyeing the biggest emerging markets in Latin America (LatAm) including Brazil. That’s because of the established retail preferences of its players, said NSoft’s Regional Sales Manager Carlos Vargas, who provided SBC News with the following analysis of the strengths which characterise the Brazilian market. Brazil – …

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Brazil appoints agencies to accelerate Sports Betting launch

Brazil has moved forward with its plans to establish a regulated sports betting marketplace after the government appointed a designated agency to take charge of finalising the market’s legislative and regulatory frameworks. The publishing of this week’s federal gazette confirmed that President Jair Bolsonaro had signed ‘Decree 10,467’, appointing Brazilian social development bank BNDES to work alongside the Ministry of …

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Brazil to issue initial plans on Caixa Loterias sale

Brazil’s federal bank Caixa Economica Federal (Caixa) is expected to disclose its initial plans to privatise ‘non-core’ business subsidiaries this week, as part of the government’s efforts to restructure the financial institution. This story featured in today’s SBC News 90. To view the latest round-up, watch today’s edition here ‘Caixa Seguradora’, the federal bank’s insurance unit, is reported to be first in-line …

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