Category: Brazil

South Africa’s iGaming market is on a remarkable growth trajectory, set to reach a total revenue of approximately EUR 64.9 million by 2028. iGaming solutions supplier SOFTSWISS shares its South African market report. In light of the recent acquisition of Turfsport, a leading South African provider of wagering solutions, the SOFTSWISS report offers first-hand practical…

Brazilian newspaper Folha de S. Paulo published an article comparing the taxation of sports betting winnings (set at 15%) with that levied on the sale of cigarettes, alcoholic beverages, and lotteries such as the Mega Sena. In all cases, betting’s tax is lower. The tax on cigarettes and beverages is 80%. According to the report,…

In a session that started on Thursday afternoon (21) and lasted until late at night, the Chamber of Deputies approved bill 3.626/23, which regulates sports betting. The parliamentarians again included online casinos in the proposal.  During the discussion in the plenary, the bill was obstructed by members of the evangelical bench, against the regulation of…

The much-anticipated vote on the bill that aims to regulate fixed-odd sports betting in Brazil, known as “bets,” faced a delay until the upcoming Tuesday (12). Rodrigo Pacheco, the President of the Senate, disclosed the agreement reached among the senators during the deliberative session on Wednesday (6). Apart from the regulation of fixed-odd sports betting,…

The list of amendments to the Provisional Measure 1.182/2023, signed by the Brazilian Executive Power, ended with a total of 244 requests. Among them, those presented by Senator Angelo Coronel, one of the most constant legislators in the requests and defense of the legalization of gambling in Brazil, stand out. Coronel presented a total of…

Online gaming services provider Kambi Group announced it has signed an online sportsbook agreement with Rei do Pitaco (RDP), the largest daily fantasy sports operator in Brazil.  The multi-year partnership will enable RDP to leverage Kambi’s technology and services to launch a real-money online sportsbook in Brazil, which is in the process of regulating sports betting and is…

The president of Brazil, Jair Bolsonaro, has made up his mind: he will not sign the decree that regulates the fixed odds betting market in Brazil. In light of this, and as explained by the news site Radar Econômico, from Veja magazine, the president could face charges for a liability offense, if he does not…

The main issue for the sports betting market in the LatAm region this week was related to the way Brazil reacted to the lack of regulation of its ‘fixed odds’ bets, given that the topic has remained undefined after the silence of Jair Bolsonaro’s government. The Executive did not regulate the modality as planned and,…

A 2018 decree, signed by then President Michel Temer, established that the regulatory framework for the operation of sports betting in Brazil was to be created within two years, with a maximum extension of another two years. This total lapse of four years expired today, December 12, 2022, and the regulation was not published by…

The government of the State of São Paulo resumed the process of formally launching its state lottery, by publishing last week in the Official Gazette the “Announcement of International Bidding SOG 02/2022 for the Concession of the Service to a Private Company”. This process contemplates an operating period of 20 years, and the estimated value…

The defeat of President Jair Bolsonaro in the recent Brazilian elections generated uncertainty regarding the regulation of sports betting and the transfer of the Ministry of Economy to Justice. In this context, the Brazilian news agency BNLData pointed out that President-elect Luiz Inácio Lula da Silva promised to respect the decision of the National Congress…

In an analytical column for Yogonet entitled Até cuándo Brasil (‘Brazil, how much longer?’), international consultant and former Uruguayan regulator Luis Gama analyzes the situation of the Brazilian gaming market and states that there is currently an atmosphere of legal uncertainty, which causes uneasiness and concern in parts of the market. The following are his thoughts…

Party leaders of the Brazilian Senate met on Monday with the president of the legislative chamber, Rodrigo Pacheco, to evaluate ways of financing the payment of the wage floor for nurses. Among such alternatives, they proposed the approval of the law legalizing gambling in the national territory. According to the Brazilian Senate’s News Agency, Pacheco…

The Brazilian Ministry of Justice is currently looking into the commercial partnerships that sports clubs and media owners hold with online sportsbook firms, in an investigation that follows concerns by SENACON -the National Consumer Secretariat-, that such deals were closed without the country’s finalization of the laws and standards that will be applied to its…

Brazil’s Chamber of Deputies is considering a bill proposed by congressman of the evangelical party Pastor Gil, which seeks to prohibit financial institutions from processing Internet transactions involving unauthorized gambling and lotteries. According to the proposal, the Central Bank of Brazil would have to establish rules to determine the cancellation of such transactions and prohibit…

The former President of Brazil’s Senate, Davi Alcolumbre, and rapporteur of PL 442/91 in the Upper House, expects gambling to be approved this year. Based on previous information, he expects President Bolsonaro -in order to please the evangelical bench- will veto the bill but Congress will finally enact it, according to information published by journalist…