Everyone wants a cut: Brazil's Congress debates new split of betting revenue
Lawmakers will vote on several proposals reshaping Brazil's gaming framework.
Lawmakers will vote on several proposals reshaping Brazil's gaming framework.
Chamber of Deputies leader Sóstenes Cavalcante has introduced a bill to outlaw all forms of virtual betting across Brazil.
A betting advertising campaign featuring footballer Vini Jr. went viral, having coincided with his relationship announcement with influencer Virginia Fonseca.
The São Paulo municipality announced a BR4.5m ($850,000) investment in a 20-year lottery concession.
A BR4m ($742,000) payment from Corinthians to the law firm representing Pixbet has surfaced in documents from one of Brazil's congressional inquiries.
The Secretariat of Prizes and Betting has granted operators 30 additional days to implement preventative systems against social welfare beneficiaries.
IBJR argues that a 15% tax would penalize licensed operators and push consumers toward unregulated betting.
The SPA has authorized operator DigiPlus to suppress its brand GamePlus, greenlighting ArenaPlus and BingoPlus to take its place.
Brazil's Secretary of Prizes and Betting, Régis Dudena, has reinforced that betting is a public service, not a free market activity.
As the Brazilian Government renews its push for raised taxes on betting operators, the nation's Finance Minister finds backing within the opposition.