Tag Archives: Lula da Silva

In the latest development to strengthen the Brazilian market’s regulatory dawn, the Brazilian Football Confederation (CBF) has released new compliance guidelines to control sports betting marketing in across its competitions and events. The 2024 General Competition Regulation (RGC) incorporates Bill PL3626/23, which was signed into force by President Lula da Silva to lay the groundwork for a federal regulated sports …

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 …

OKTO has announced that its strategic portfolio company U4C has been authorised to process payments in Brazil’s Paraiba Lottery. The move demonstrates the multinational payments provider’s preparation for the evolving regulatory framework in the local betting landscape, expanding its footprint in the Brazilian market as well as strengthening its position across diverse sectors. Signed into law just before New Year …

The subject of tax exemptions on gambling prizes/winnings will be debated once more by the government of Brazil. This follows the PT government’s backing of Provisional Measure (PM) 1,206/2024, which seeks to revise the monthly income tax exemptions for public wages up to BRL 2,824 (€530). The PM is reported to be favored by President Luiz Inácio Lula da Silva, …

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 …

CONAR, Brazil’s advertising watchdog, has published ‘Annex X’ of “self-regulation rules” for betting advertising campaigns, needed for the launch of the country’s pending federal sports betting marketplace. Referred to as the National Advertising Self-Regulation Council, CONAR is a non-governmental body that oversees the standards and conduct of Brazil’s advertising code implemented across all media platforms. The publishing of Annex X …

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 will launch a federal sports betting marketplace, which will include modalities to regulate online casino games. Yesterday, the final session of the Chamber of Deputies approved Bill PL3626/23 to be sent for its federal sign-off from President Lula da Silva.  Bill PL3626/23 was returned to the Chamber of Deputies on 13 December following an inconclusive review by the Senate, …

The Senate of Brazil has approved the ‘basic text’ of Bill 3626/2023, providing the foundations for the launch of a federal sports betting market. Yet, following further amendments, the Senate has ordered that the Bill be returned to the Chamber of Deputies for further analysis. The decision follows three critical considerations debated by the Senate yesterday afternoon ahead of its …

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 …