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ADM advances Italy's online gambling concession framework

Regulation

Italy's Customs and Monopolies Agency (ADM) submitted documentation for a new online gambling concessions framework to the Treasury, according to a report published on 9 July 2024. The proposed licences would run for nine years and cost €7 million; the Treasury and Council of State are to provide binding opinions before further review and adoption steps.

The proposed Italian concession fee, term and operating conditions may shape operators’ decisions to seek licences.

End-of-day close Flutter (FLUT), USD, to 23 August 2024
Story date28 May 202423 August 2024

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Regulation

Brazilian government prohibits fixed-odds betting under MP 1,394/2026

Brazil’s MP 1,394/2026 prohibits fixed-odds betting, according to a report discussing the measure and its effects on licensed operators. The report says 85 operators paid R$30 million each for five-year authorisations, totalling R$2.55 billion, and that the government will not refund fees for unused periods. Finance Minister Dario Durigan said investors would have predictability in Brazil.

Brazil's government has prohibited fixed-odds betting through MP 1,394/2026, according to the report. The measure ends authorisations that had been active for 22 months. The government will not refund the authorisation fees or the portion covering the remaining period, the report says.

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