SectorWire
SearchGet the daily briefing
Menu

ANJL and IBJR ask Brazil’s Supreme Court to suspend gambling market closure

Regulation

Brazilian associations ANJL and IBJR asked Supreme Court Justice Luiz Fux to suspend a provisional measure ordering the closure of the regulated gambling market, reportedly. They argue that 85 operators paid BRL30 million each for authorisations and that the measure would end those authorisations without refunds; the government says social and economic costs justify the change.

The court’s response could determine whether authorised operators can continue operating and whether their authorisations remain valid.

Request a correction

Keep reading

Regulation

Experts expect Brazil Supreme Court decision on gambling closure after elections

Industry experts expect Brazil’s Supreme Court to decide on the closure of the regulated gambling sector after the general election. The outlet said the timing could deepen political divisions between President Lula and Flávio Bolsonaro.

Industry experts expect Brazil's Supreme Court to rule on the closure of the country's regulated gambling sector after the general election, according to a report. The report said the timing could sharpen the opposition between President Lula and his opponent, Flávio Bolsonaro, who will likely attempt to capitalise on backlash from operators, sports teams and media.

Continue reading