Brazil's SPA extends deadline for betting operators to block social beneficiaries
The Secretariat of Prizes and Betting has granted operators 30 additional days to implement preventative systems against social welfare beneficiaries.
The Secretariat of Prizes and Betting has granted operators 30 additional days to implement preventative systems against social welfare beneficiaries.
IBJR argues that a 15% tax would penalize licensed operators and push consumers toward unregulated betting.
The SPA has authorized operator DigiPlus to suppress its brand GamePlus, greenlighting ArenaPlus and BingoPlus to take its place.
Brazil's Secretary of Prizes and Betting, Régis Dudena, has reinforced that betting is a public service, not a free market activity.
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.