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Brazil finance minister says he would vote to ban betting

Regulation

Brazilian Finance Minister Fernando Haddad said in a 21 July interview that he would support a betting ban if a bill came before the Chamber of Deputies. The ANJL criticised his comments, arguing that family debt and predatory advertising were largely linked to illegal operators; a proposed rise in the gambling tax rate from 12% to 18% GGR was under review by the National Congress, with a vote due by 8 October.

Haddad’s position and the pending tax measure could affect the outlook for Brazil’s regulated betting sector.

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Brazilian finance minister removes betting revenue estimate from 2027 budget proposal

Brazilian Finance Minister Dario Durigan said on 5 November that the federal revenue estimate from betting would be removed from the 2027 budget proposal, with losses expected to be offset elsewhere in the economy. He estimated that about R$60bn a year would shift from betting to sectors such as retail and wholesale; the report disputes that figure, citing official data of R$36.9bn in operator gross gaming revenue in 2025 and R$20.07bn in the first half of 2026.

Brazilian Finance Minister Dario Durigan said in an interview on Thursday that the estimate of federal revenue from betting houses would be removed from the 2027 annual budget bill, known as the Ploa. According to the minister, the loss will be offset in other areas of the economy.

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