News

Brazil and Uruguay Presidents meet to discuss betting sectors

President Lula discussed Uruguay's approach to regulating online betting with President Yamandú Orsi during a bilateral meeting in New York.

· 1 min read
Share this article
Follow us on Google
AI Summary
Sign in to listen
brazil uruguay
Key Points
Lula met with Uruguay's President New York and asked about Uruguay's online betting regulation model
Uruguay's only authorized betting platform, Supermatch, operates under state supervision and offers sports betting only

Brazil's President Lula da Silva met with Uruguayan President Yamandú Orsi in New York during the UN General Assembly's high-level week. 

Lula expressed interest in learning more about Uruguay's experience regulating the online betting sector. 

The two also discussed Latin American and Caribbean integration, as well as the threats posed by political extremism and disinformation in the region and globally.

Unlike Brazil, Uruguay has no private online betting market: its only nationally authorized platform is Supermatch, which operates under state supervision and offers sports betting exclusively. 

Uruguay's 2017 Decree 366/017 bans advertising or promoting any online gambling service not authorized by the state. 

In something of an ironic parallel, the Uruguayan Football Association (AUF) and CONMEBOL have reportedly asked Uruguay's Government to allow advertising from unauthorized operators, a request that runs counter to the pushback Brazilian football clubs have mounted against tightening rules in their own market, instead of banning it completely.

Lula's interest in Uruguay's model comes as he reportedly prepares an executive order banning online casino and slot-style games in Brazil before the October 4 general election's first round. 

Brazilian betting operators each paid BR30m ($5.8m) for a five-year license to operate legally in the country.

The two Presidents are expected to meet again soon to advance cross-border integration projects, particularly construction of the binational bridge over the Jaguarão River.

On bilateral matters, the leaders focused on infrastructure and agricultural trade, with Lula thanking Orsi for authorizing Brazil to use surplus Uruguayan beef export quota to China. 

Good to know

Brazil's Government will have to pay back betting operators if the provisional measure to ban online casino and slot-style games is approved

Reaction Board

News Analysis

View All
DraftKings Sportsbook

DraftKings stock down 27%: Why CEO is defending high predictions spend

During DraftKings' quarterly earnings call, Jason Robins emphasized "discipline and efficiency," coupled with a quick return on the operator's predictions investment with the operator #3 in the market. All with a July 2028 Supreme Court date in mind...

7 min read • • By Tim Poole
GammaSweep Interview: Compliance 2

GammaSweep: Why operators need a more proactive approach to compliance

Gaming firms need to incorporate compliance into their foundation, rather than responding to regulatory changes when they arise.

9 min read • • By Patrick Fasolis
Midterms Predictions Analysis

Have the US Midterm Elections flipped the script on prediction markets?

Following the results of the Midterm Elections and a recent denial witnessed by Kalshi in Nevada, prediction markets could be headed for a final stand-off for their regulatory freedom.

7 min read • • By Kirk Geller

In The News

View All