Caixa extends partnership with the Brazilian Basketball League
The partnership is set to run until late 2027.
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 main casino workers' union has declared a wage emergency, warning of operational strain as unresolved labour talks and falling real incomes continue to affect the sector.
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).
City officials describe the move as central to revitalizing the waterfront, while incoming opposition councillors raise concerns about disclosure and the speed of the approval process.
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.