A year of optimism ends in disappointment as Jair Bolsonaro’s inaction and electoral pandering come at the expense of Brazil taking its best shot to regulate a federal sports betting market… December 12, 2022, marked the last possible day for Brazil to approve it’s federal sports betting regime… A date which passed without a trace of legislative action. On reflection, …
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The Ministry of the Economy of Brazil has announced the appointment of Sérgio Ricardo Calderini Rosa as new Secretary General of SECAP – the Ministry’s public policy agency charged with overseeing developments and evaluations for energy, agriculture and lotteries. The appointment follows the abrupt resignation of former incumbent Gustavo Guimarães, who on 19 January declared that he would no longer …
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Brazilian President Jair Bolsonaro has revealed in an interview with Veja that he has been in touch with government officials in regards to a proposed gambling legislation but warned that he will not allow the market to be regulated, according to a report shared by BNL Data. As Bolsonaro admitted, “the measure will not count with the support of the Government …
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Brazil’s federal bank Caixa Economica Federal (Caixa) is expected to disclose its initial plans to privatise ‘non-core’ business subsidiaries this week, as part of the government’s efforts to restructure the financial institution. This story featured in today’s SBC News 90. To view the latest round-up, watch today’s edition here ‘Caixa Seguradora’, the federal bank’s insurance unit, is reported to be first in-line …
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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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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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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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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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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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