News

President Lula praises Security PEC approval and highlights betting revenue for public safety

The Brazilian President said the proposal strengthens the country’s ability to combat organized crime.

· 1 min read
Share this article
Follow us on Google
AI Summary
Sign in to listen
Lula
Key Points
President Lula praised the approval of Brazil’s Security PEC in the Chamber of Deputies
The proposal includes allocating part of betting tax revenue to public security funds
The measure will now move to the Senate for further consideration

Brazilian President Luiz Inácio Lula da Silva has welcomed the approval of the Security PEC by the Chamber of Deputies, highlighting the role that betting sector revenue could play in funding public safety initiatives.

The constitutional amendment, approved earlier this week by lawmakers, introduces changes aimed at strengthening coordination between federal, state and municipal security institutions.

In a statement, Lula thanked Chamber President Hugo Motta and lawmakers for supporting the proposal.

“I thank President Hugo Motta and all the leaders and parliamentarians who contributed to this achievement,” Lula said, adding that the measure helps prepare Brazil to combat organized crime more effectively.

The proposal establishes constitutional recognition of the Unified Public Security System, which aims to improve cooperation between different levels of Government in areas such as prevention, investigation and criminal enforcement.

Among the financial measures included in the amendment is the allocation of part of the tax revenue generated by sports betting to the National Public Security Fund.

Under the proposal, 30% of the revenue collected from the taxation of fixed-odds betting will be directed to the fund. 

The allocation will be calculated after several deductions, including prize payments to players, income tax collected on winnings and certain operational costs related to betting operations.

The idea of using betting-related revenue to fund security initiatives had previously been discussed in the Anti-Faction bill approved by the Chamber last week but was removed before the vote. The funding mechanism was later incorporated into the Security PEC.

The proposal must now be analyzed by the Senate before it can be formally enacted.

Good to know

Lula has recently criticized the rapid expansion of online betting platforms, warning that they could harm Brazilian families

Reaction Board

News Analysis

View All
What can gambling companies learn from BlackBerry? 2

What can gambling companies learn from BlackBerry?

Who knew BlackBerry was still a tech force today? Unable to keep up the pace with mobile phone technology, the company has learned to adapt to survive... maybe even thrive.

4 min read • • By Patrick Fasolis
Codere acquisition

Codere sale: Could splitting the group unlock buyer interest?

Codere's individual business divisions are reportedly attracting greater interest from potential buyers than the group as a whole. Following years of financial restructuring and a successful turnaround, can its investors finally cash in on the recovery?

4 min read • • By Marieta Lezaic
olga-slotegrator

Inception to implementation: Building new foundations in online gaming

Slotegrator COO Olga Ivanchik reflects on her first year with the organisation, drawing on key implementations and strategies that have helped drive innovation as part of a new era at the company.

4 min read • • By Will Underwood

In The News

View All