Brazil’s Chamber President says CIDE-Bets was “unworkable”
Chamber President defends decision to strip betting tax from Antifaction Bill, citing technical and enforcement concerns.
1 min read • Feb 27 • By
Layla Victoria
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AMATIC Online
bet365 Partners
OMNIPLAY
Bally’s Intralot
DYG
SmartSoft
BetConstruct
ReferOn
Logifuture
GR8_TECH
Imagine Live
Kanggiten
N1 Partners
1spin4win
Galaxsys
GammaSweep
GammaStack
Z-Gaming
Global Gaming Awards
JDB Gaming
GammaPlus
Chamber President defends decision to strip betting tax from Antifaction Bill, citing technical and enforcement concerns.
The suspect had been on the run for over a year and faces multiple charges linked to illegal gambling and organized crime.
After months of political debate, Brazil’s proposed CIDE-Bets levy has been withdrawn.
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The operator reported a 94% decrease in net income for Q4 2025 to $10m, while FanDuel revenue climbed 33% during the quarter to $2.1bn and 20% year-over-year to $7bn for FY2025.
A new behavioural study by Procon-SP found that nearly four in ten consumers who gamble online have accumulated debt linked to betting activity.
The technology provider becomes the first supplier to join Brazil’s main betting trade association.