Flutter Brazil undergoes reshuffle as Eduardo Monte steps in as CEO
The current COO will succeed João Studart, who moves into the position of Chairman.
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.
Caixa Econômica Federal has now secured unanimous backing from Brazil's Federal Court of Accounts (TCU).
A Brasília court has expanded the charges against the Flamengo forward over an alleged betting scheme.
Lead sponsorships in Brazil's Série A have surpassed BR1bn ($189m), fuelled almost entirely by operators.
A ruling by Minister Nunes Marques suspends every local law authorizing municipal lotteries or fixed-odds betting.
The legal ambiguity, political disputes and regulatory gaps that shape Brazil's expanding ecosystem of state and municipal lotteries.