Tag Archives: Jair Bolsonaro

President Luiz Inácio ‘Lula’ da Silva has signed Bill PL3626/23 into law, which will establish the regulatory framework for Brazil to launch its federal sports betting marketplace. Authorised by Lula on Saturday, December 30, the president’s endorsement completes the legislative process, steering clear of the 2022 impasse when former President Jair Bolsonaro withheld federal sign-off of sports betting. The Workers’ …

Brazil’s sports betting prospects have received a boost this week, as Minister of Finance Fernando Haddad assured federal stakeholders that he will soon present a ‘provisional tax framework’ for licensed businesses.  Speaking to media in Brasilia, Haddad stated confidence that the Finance Ministry would propose a ‘working framework’, to be showcased following “President Lula da Silva’s trip to China at …

The government of Paraiba has approved a decree to launch an independent sports betting regime within the boundaries of the Northeastern state of Brazil.  On 17 January, Decree 43376/2023 was published in Paraiba’s state gazette, with the directive approved by governor João Azevêdo Lins Filho. Amongst Brazil’s smallest states, Paraíba (population four million) seeks to launch an independently governed marketplace …

The whirlwind period of July to September of 2022 saw gambling caught up in a farce of political affairs, providing leadership no help to navigate the headwinds of a changing economic climate. Interim results saw all gambling PLCs outline deep concerns on averse macroeconomic trends driven by high inflation and the costs of living crisis. Challenging factors to test the …

A year of optimism ends in disappointment as Jair Bolsonaro’s inaction and electoral pandering come at the expense of Brazil taking its best shot to regulate a federal sports betting market… December 12, 2022, marked the last possible day for Brazil to approve it’s federal sports betting regime… A date which passed without a trace of legislative action. On reflection, …

Jair Bolsonaro is adamant that the Liberal Party will sign-off Brazilian sports betting into federal law, but remains in opposition to wider gambling reforms.    Brazil’s President spoke on federal gambling developments as he continues to campaign for re-election, competing against the Workers Party led by bitter rival Lula da Silva. Bolsonaro – who is blamed for stalling on the Presidential …

Once on autopilot, the passage of Brazilian gambling and sports betting was destined to arrive uninterrupted in 2022, bringing South America’s biggest consumer market into play. Under review since 2018, the legislative frameworks for sports betting and online gambling had been approved by congress and senate committees, as two bills were put forward to the office of President Jair Bolsonaro …

Brazil’s Ministry of Justice is to launch an investigation into the commercial partnerships of sports clubs and media owners struck with online sportsbook operators.  The investigation is due to concerns by SENACON – the National Consumer Secretariat – that such arrangements were agreed upon without Brazil having finalised the laws and standards that will be applied to its pending federal …

A further obstacle stands in the way of the passage of Brazil’s federal sports betting regime, as football clubs call for the government to ensure that bookmakers observe IP rights and protections.    Addressing the Chamber of Deputies’ Sports Committee, the Presidents of Brazil’s 15 biggest football clubs outlined their support for Bill PL-1153/2019 that aims to reform the ‘Pele Law’ …