by Jeremias Di Vico | Mar 7, 2023 4:53 pm | Legal
Following Luiz Inácio Lula da Silva’s election victory, Brazil began spending on social programs and are looking to tax online sports gambling to recoup these losses. Early reports estimate that the move to legalize and regulate online sports betting would net between...
by Giovanni Shorter | Jun 14, 2022 2:23 pm | Regulatory
Brazil President Jair Bolsonaro prevents the sports betting proposal from reaching congress. President Bolsonaro is projected to lose his upcoming reelection campaign. Deputy Congressmen Marco Feliciano convinced President Bolsonaro to stop the proposal. BRAZIL – The...
by Giovanni Shorter | Aug 20, 2020 11:15 am | Regulatory
Brazil president Jair Bolsonaro signs Decree No. 10,467 which brings regulated sports betting to the countries legislation. Per the decree, the National Bank for Economic and Social Development (BNDES) and the Ministry of Economy are responsible for sports betting in...
by Carter Floyd | Jun 23, 2020 10:00 am | Regulatory
Brazilian President Jair Bolsonaro is set to grant final approval on a plan to transfer control of the sports betting industry from the public sector to private operators. This plan is likely a result of Brazil’s need to cut government spending in the wake of the...
by Hasan Nabulsi | Dec 26, 2019 5:16 pm | Regulatory
Brazil seems increasingly likely to have an open gambling market by 2020. President Bolsonaro has been inconsistent on the topic, but legalization has proceeded apace. Sportnco CEO Hervé Schlosser expects sports betting to be operational by the second half of 2020....
