CBF, the Football Confederation of Brazil, has demanded that the government guarantee a larger % share of revenues generated from a federally sanctioned sports betting regime. The CBF has issued its formal proposal that a ‘betting regime guarantee 4% share of gross revenues to be distributed across its football leagues’. As such, the governing body of pro-football in Brazil seeks …
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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 …
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Fernando Haddad, Brazil’s Minister of Finance, has shared that the Presidency of Lula da Silva will focus on moving forward on “electronic gaming”, and sanction a sports betting regime. Yet, new details of a federal bill show that online casinos will not be included in upcoming plans. Sports news outlet Panorama Deportivo cited Ministry sources and explained what the regulation …
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Minas Gerais has become the latest Brazilian state to outline its commitment to launching an online gambling and sports betting regime. This week the Finance Secretary of Minas Gerais, Brazil’s second most populous state (+22m) allowed state-owned lottery operator Loteria Mineira (LEMG) to launch its ‘sportsbook pilot’ website and mobile app Lotominas.bet. Developed by Intralot Brasil, LEMG’s ‘sportsbook pilot’ will …
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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 …
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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 …
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SECAP – Brazil’s Secretariat of Evaluation, Planning, Energy and Lottery for the Ministry of Economy has announced the appointment of Waldir Eustáquio Marques Júnior as a new board member. The agency that has spearheaded the development of Brazil’s pending federal sports betting framework, welcomes a new advisor that has previously worked on lottery projects for the Ministry of Economy. Marques …
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The progress of Brazil launching its new federal sports betting regime in 2022 has been blighted as President Jair Bolsonaro refuses to sign-off on the approved mandate’s regulatory decree. Six weeks have passed since the Ministry of the Economy put forward its Brazil Sports Betting decree to President Bolsonaro’s office to sanction its signature and become a federal law. At …
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