Tag Archives: Michel Temer

Brazil finalises first draft of sports betting bill

Following the finalisation of a public consultation, Brazil’s Ministry of Economy is finalising a draft regulatory decree for online and land-based sports betting, which will lay the foundations for “various companies to operate in the market”. Under the new decree, there would be no limit set on the number of licences that would be awarded by the state. Neil Montgomery, …

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Brazil redrafts LOTEX sale lowering tender expectations

Having failed five times to sanction the sale of state-owned instant win (scratch card) operator LOTEX, the Brazilian government has drafted new tender documents and concession criteria as it re-establishes efforts to sell the state asset. Announced last week, Brazil’s Ministry of Finance has launched a new tender submission deadline, open until 17 October, with LOTEX’s official auction scheduled for …

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Brazil opens consultation on vague betting mandate

The Brazilian government could potentially fast track legislation for regulating fixed odds betting, as Brazil’s Economic Ministry sanctions a month-long public consultation to seek guidance on regulating wagering services. Sanctioned this week, Brazil’s Economic Ministry is reviewing legislative provisions attached to the conditionally approved ‘bill MP-846’, which aims to establish a federal gambling framework for Brazilian online and land-based gambling. …

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Outgoing Brazil president signs sports betting bill

Sportradar - Copyright: believeinme33 / 123RF Stock Photo

Brazil President Michel Temer has signed MP 846 to formally legalise both online and land-based sports betting in the country. MP 846 was primarily focused on the distribution of proceeds from Brazil’s national lottery – operated by Ministry of Finance-controlled Caixa Econômica Federal, but also included plans that gave the green light to regulated sports betting. Its case was helped …

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Brazil stalls again on Bill 186 gambling progress

It appears that Brazilian betting stakeholders will have to wait until 2018, for any clarity with regards to a new national gambling framework, as this week Brazil’s Senate has stalled on its decision to progress federal level betting provisions. Brazilian Media reports detail that legal stakeholder the Constitutionality and Justice Committee (CCJ) was meant to approve Bill 186 this Wednesday, but …

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