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A Senate sports committee approved a bill directing part of betting tax revenue to Brazil’s military sports system, including Olympic and social inclusion programs.
Representatives from Brazil’s meat industry say online betting is increasingly pressuring household budgets and reducing spending on food.
LSports, a world-leading provider of high-performance sports data solutions, today announced a landmark multi-year license agreement with Caliente Interactive, the premier digital entertainment and sports betting operator in LATAM.
The operator’s adjusted EBITDA managed to rise 2% for a total of $631m, while FanDuel revenue increased 6% to nearly $1.8bn, despite handle falling 9% to $13.4bn.
Investigation focuses on restoration works, public funds and potential administrative irregularities.
New eFX framework introduces mandatory classification for betting-related international transfers and tighter controls on payment providers operating in Brazil.
Vice-President Geraldo Alckmin said proposals from major wholesale retailers on betting restrictions will be forwarded to President Lula.
Fiocruz and the Ministry of Health expand response to gambling-related harm with nationwide online course.
Operator expands footprint in regional football through new agreement with Bahia Football Federation.
Federal data shows concentration of betting activity in Rio de Janeiro, highlighting regional dynamics in Brazil.
