Lawmakers urges caution as Brazil advances sweeping betting ad ban
As senators move to outlaw betting advertising and sponsorships, lawmakers warn of financial fallout and legal uncertainty.
As senators move to outlaw betting advertising and sponsorships, lawmakers warn of financial fallout and legal uncertainty.
Prosecutors allege a group linked to Popó Freitas’ son tried to lure players from Brazil’s top divisions into betting manipulation schemes.
Draft bill aims to close venues and curb a black market worth more than €1.5bn ($1.63bn).
The Alliance testified in front of the Maryland House Ways and Means Committee on February 5, asking lawmakers to reconsider provisions which would criminalize social plus games.
The prediction markets operator had previously filed a countersuit against the state on February 4 but will be prohibited from offering its sports events contracts in Nevada for 14 days.
The class action lawsuit was filed by plaintiff Lorenzo Diego in New York District Court, claiming Polymarket offers an ‘unlicensed sports betting enterprise prohibited under various state laws.’
The regulator called attention to recent betting scandals involving propositional wagers and match-fixing, as well as the requests already made by certain league commissioners as a result.
Draft legislation sent to the state assembly would authorize a Rondônia state lottery, covering online betting and other fixed-odds games.
The country’s betting regulator has launched a public consultation on minimum requirements for companies supplying services to licensed operators.
A Senate committee has advanced a bill banning betting advertising nationwide, reigniting tensions between lawmakers and the industry.