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Brazil enacts law raising betting tax to 15% by 2028

Regulation

Brazilian President Luiz Inácio Lula da Silva sanctioned Complementary Law 224, raising the tax rate on betting gross revenue from 12% to 15% by 2028, the report says. The law takes effect in 2026 and makes financial and payment institutions jointly liable for taxes if, after formal notice, they allow transactions with unauthorised betting operators. The Finance Ministry is responsible for regulating those provisions.

Betting operators face a phased tax increase, while payment providers must act on formal notices about unauthorised operators.

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Regulation

Quaest poll puts bets and social media at 7% as source of hope nationwide

A Quaest poll found that 16% of respondents who were optimistic about Brazil's future cited regulation of betting and social media as a source of hope under President Luiz Inácio Lula da Silva. That group represented 44% of respondents, making the combined issue about 7% of the full sample; the poll did not separate betting from social-media regulation. The survey interviewed 2,004 people from 30 October to 2 November.

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