By SectorWire desk ·
The report said that Brazil finance ministry executive secretary Dario Durigan proposed regulating and taxing sports betting operators similarly to tobacco products. Durigan said the government aims to reduce gambling and strengthen oversight of licensed operators.
The proposal would subject sports betting operators to tobacco-style regulation and taxation.
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The measure may affect access to regulated self-exclusion and remove a funding source for gambling-related prevention and treatment.
Operators continue operating as Lula questions platforms’ future, with potential congressional resistance and no announced regulatory change or timetable.
Pixbet must halt operations, cancel outstanding bets and refund stakes until SPA verifies compliance, with daily fines for breaches.
The coordination connects pending court proceedings with measures intended to protect bettors.
Brazil’s finance minister has framed the betting-site ban as comparable to a plebiscite within wider political discussion.
The calculations distinguish betting deposits from operator earnings and compare government receipts with operators’ net profits.