Brazil Senate raises taxes on betting and fintech companies
The legislation combines higher taxes on betting and fintech companies with a 10% reduction in federal tax incentives.
3 min read • Dec 18 • By
Milagros del Priore
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AMATIC Online
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Vegangster
SmartSoft
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Global Gaming Awards
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The legislation combines higher taxes on betting and fintech companies with a 10% reduction in federal tax incentives.
The partnership, which began in November 2024, will now be extended for an additional two years with an ambitious new target of £1m.
The operator has reported its latest financial result from April 1 - September 29 2025.
Changes to financial reporting and the Licence Conditions and Codes of Practice reflect growing industry complexity and new consumer legislation under the DMCC Act 2024.
Regulator urges risk-focused implementation plans ahead of major reforms.
Active players in the province have reportedly increased close to 60% year-over-year, while deposits have grown approximately 240% alongside a 117% increase in deposit count.
The regulator also placed 15 individuals on various Involuntary Exclusion Lists on December 17, including four adults who left minors unattended while gambling at a casino property.
The Keystone State managed to set the new monthly record for November 2025 despite year-over-year decreases in revenue generated from retail slot machines and table games.
An investigation by the Gambling Commission discovered numerous breaches of licensing conditions between August 2023 and May 2024.
The figure represents an 18.1% increase from the prior year period, with iGaming operations having accounted for $248.4m throughout November, equating to growth of 9.9%.