Tag Archives: Lula da Silva

Eyas Gaming has stepped up preparations for the upcoming launch of its Lance! sportsbook betting brand in the yet-to-be-regulated Brazilian market, partnering with ID verification firm Caf. Based in Sao Paulo, Caf will provide Eyas with local knowledge of regulations and market conditions before and after Lance!’s planned entry to market, whilst also checking the identity of Brazilian bettors to …

The Parliamentary Investigation Commission (CPI) examining betting fraud and match-fixing scandals in Brazilian sports will not convene until August. The decision was announced by Arthur Lira, the Speaker of the House of Representatives, who cited that the CPI investigation had been “pushed down the legislature’s list of priorities”, choosing to focus on policies related to fiscal matters. From 18 July, …

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 …

Arthur Lira, the President of Brazil’s Chamber of Deputies, has intervened in the process of regulating a federal sports betting regime. Representing the Lower House of Brazil, Lira has demanded that the government’s “provisional measure” to regulate sports betting be converted into a federal bill. Last week, Brazilian ministries received a “provisional measure” drafted by the Ministry of Finance, which …

Yesterday afternoon, Brazil’s federal government notified agencies of its imminent plans to publish provisional measures required to regulate a fixed-odds sports betting market.  Via SBCNoticias, further developments have been uncovered in relation to the regulatory development of Brazil’s pending sports betting regime, with measures drafted by the Ministry of Finance and due to be endorsed by President Lula da Silva. …

The Federal Government of Brazil has informed stakeholders and agencies about its imminent proposal to regulate a fixed-odds sports betting regime. A provisional notice has been published on the government’s website, outlining the proposed rules and measures drafted by the Ministry of Finance. These measures aim to regulate Brazilian sports betting. The proposal will engage multiple ministries, including Planning, Management, …

Brazil’s government is yet to settle on the final criteria of its pending tax framework for a federal sports betting regime.  As reported by local media, Sports Minister Ana Moser has put forward the ‘economic team on sports betting’ – a proposal to increase the gross gaming revenue (GGR) tax rate from 15%-to-16%. In her proposal, Moser recommended that the …

Addressing London’s LIDE ‘Brazil Business Leaders’ Conference on 21 April, Senate President Rodrigo Pacheco underscored the fiscal importance of implementing a federal sports betting regime.  The legalisation of sports betting was branded as a key component of President Lula da Silva’s ‘revenue strategy’, which aims to raise “potentially over RL100 bn ($18 bn) in 2023”. Pacheco revealed that the Senate …

The Confederation of Brazilian Football (CBF) has officially submitted its demands to the government on the pending legislation of a federal fixed-odds betting regime. As anticipated, the governing body of Brazilian football has demanded that the government increase its betting income guarantee to ‘4% of total revenues’ generated by licensed bookmakers. It declared, “Current legislation provides for the transfer of …

The industry sees progress on Brazil launching its long-awaited sports betting regime in 2022. Yet observing policy developments, Regulus Partners warns that lawmakers will regret adopting a  UK model to tax operators of a new marketplace. The Brazilian government has announced that it will ‘follow the UK model’ of online betting tax, applying a 15% GGR duty, explicitly to ensure …