Brazil's Jockey Club funds allegedly diverted to private expenses
Federal and municipal incentive funds meant for the restoration of São Paulo's Jockey Club were allegedly used to cover personal expenses.
Federal and municipal incentive funds meant for the restoration of São Paulo's Jockey Club were allegedly used to cover personal expenses.
The Ministry of Finance has activated a centralized system, allowing users to ban themselves from operators and halt all related advertising.
A Chamber committee is set to discuss the tools used to block illegal operators, while a separate proposal plans to strengthen payment-filtering obligations.
Operators have expanded into reality shows, entertainment franchises, regional activations and community-based experiences.
The survey also shows that 85% of the national population accessed the internet this year, a 30% raise compared to 2015.
The current COO will succeed João Studart, who moves into the position of Chairman.
In the first nine months of the year, Brazil had 25 million active bettors.
The partnership is set to run until late 2027.
The submission proposes that revenue from regulated sports betting be used to help finance a new Universidade Federal do Esporte, linking the expansion of the betting market to public funding for sports education.
The Supreme Court injunction halting all municipal lotteries has jeopardized the main funding source for the city's hospital.