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ABRAS sales data show supermarket growth before Brazil's betting ban

Regulation

ABRAS monitoring recorded a 7.9% year-on-year increase in sales by value for 14–20 September, when authorised betting platforms were operating, the report said. The same measure showed 7.4% growth for 5–11 October, the week ABRAS cited in connection with the betting ban. ABRAS did not provide controls for other factors when questioned, according to the report.

Investors and regulators should treat the sales comparison cautiously because ABRAS provided no controls for other factors.

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Regulation

CBF sends lawyer to Brazil Supreme Court hearing on betting ban

The Brazilian Football Confederation said it would send a lawyer, rather than president Samir Xaud, to a public hearing called by Supreme Court minister Luiz Fux for 3 November at 10:00. The hearing concerns challenges to a provisional measure that prohibited betting operators from operating in Brazil. Clubs including Flamengo, Fluminense, Cruzeiro, Corinthians and São Paulo plan to press for a longer transition period if the measure is not revoked.

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