Raising the stakes: Brazil's debate on raising taxes for betting operators
As the Brazilian Government renews its push for raised taxes on betting operators, the nation's Finance Minister finds backing within the opposition.
As the Brazilian Government renews its push for raised taxes on betting operators, the nation's Finance Minister finds backing within the opposition.
Senator Sérgio Petecão has introduced a bill directing part of the betting revenue to healthcare and social security.
The small town of Bodó has suspended its local lottery operations after raising BR8m ($1.5m) in ten months.
Brazil's Banking Federation has introduced mandatory rules requiring financial institutions to report irregular betting activity to the Central Bank.
President Lula has summoned Caixa's leadership to explain plans for a state-run betting platform, amid internal doubts about whether the project will move forward.
Brazil's betting association defended regulation as key to curbing illegal gambling, responding to criticism from the Banking Federation.
Brazil's Federal Revenue Service reported BRL6.8bn ($1.3bn) in tax revenue from betting activities in 2025, while transactions were up due to football.
The senator warned that creating a public platform risks encouraging gambling addiction among vulnerable Brazilians.
The partnership aims to strengthen the fight against match-fixing and foster ethical standards in Brazil.
EstrelaBet will sponsor the opening event of the 2025/26 Kings League season.