Tag Archives: Lula da Silva

Brazil is set for further sweeping regulatory changes to gambling in 2025, as the Ministry of Tourism outlines its support for legalising land-based casinos and gambling venues. Last week, Tourism Minister Celso Sabino emerged as a vocal proponent of Bill 2234/22, which would allow for physical casinos, bingo halls, the jogo do bicho numbers game, and horse race betting. Sabino’s …

Guidelines on Personal Income Tax (IRPF) have been updated for Brazilian citizens to register prizes and winnings from online gambling and sports betting activities. Receita Federal, the Federal Revenue Service of Brazil, has updated articles of its “General Coordination of Taxation” to include new provisions for consumers to declare profits/winnings generated from online gambling. An update to the IRPF guidelines …

Brazil’s National Institute of Social Security (INSS) is reportedly looking at how to ban social benefits as payments for sports betting. In an interview with news outlet Estadão, INSS President Alessandro Stefanutto shared that his organisation – in charge of distributing welfare funds to disabled and low-income elderly people – is in the process of creating research that will show …

The Senate of Brazil has authorised a Commission of Inquiry (CPI) to investigate the financial impacts of the upcoming Bets regime, which will regulate fixed-odds betting and online gambling in the country. Senator Soraya Thronicke, representing Mato Grosso do Sul, initiated the request for the inquiry and gained the support of 30 senators to launch the “CPI of Bets.” According …

The launch of Brazil’s forthcoming betting market must be safeguarded by a federal policy on gambling addiction to eliminate social harms, such as public debt. This demand was issued by President Inácio Lula da Silva during ongoing meetings with senior ministers regarding the vulnerabilities of the betting regime, alongside discussions on a federal framework to regulate fixed-odds betting and online …

President Inácio Lula da Silva will host a meeting of senior ministers to address outstanding concerns regarding the launch of the Bets regime, the federal framework to regulate fixed-odds betting and online gambling in Brazil. The Ministers of Finance, Healthcare, Sports, Public Welfare, and Social Development will meet with Lula, today, to review the Bets regime’s progress towards its intended …

Brazil has been flooded with gambling licence applications, some companies even scrambling to get through the doorstep with submissions made right on the deadline date.  It is common knowledge that Brazil is gearing up for the launch of a nationwide regulated market, which when put to action is set to become one of the biggest global markets overnight.  For that …

The tax framework applied to player prizes and winnings has been settled for Brazil’s Bets market. Yesterday, the Federal Revenue Service (RFB) of Brazil confirmed its ruling on personal income tax (IRPF) that will be applied to ‘net prizes’ obtained via betting, lotteries, and online gambling. As anticipated, the RFB approved the government’s modality to impose a 15% personal income …

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 …