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Brazil bans fixed-odds betting as operators close regulated offerings

Regulation

Brazilian President Luiz Inácio Lula da Silva signed Provisional Measure No. 1,394/2026 on 25 September, banning fixed-odds betting nationwide, according to the report. Licensed operators had until 4 October to end their offerings; the report says industry representatives fear the ban could push consumers towards unregulated alternatives and put jobs at risk.

The ban requires licensed operators to stop offerings and may affect staffing, licence investments and the regulated market.

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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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