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Brazil government weighs proposed restrictions or ban on online betting

Regulation

Brazilian President Luiz Inácio Lula da Silva was expected to announce a provisional measure on betting on 25 September, but economic ministers said the issue remained under review. Reports cited in the report described possible restrictions or a ban on online casinos and fixed-odds betting, while an aide said the text was not final. Planning Minister Bruno Moretti said the government had no legal basis to assess fiscal effects yet.

Operators face uncertainty over possible restrictions, while the government has not completed its assessment of the revenue impact.

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Regulation

Brazilian government weighs restrictions or ban on fixed-odds betting

Brazil’s federal government is preparing a provisional measure that could restrict or prohibit fixed-odds betting, according to an article by police civil delegate Flávio Porto. The proposal’s final scope is not yet known. Porto warned that removing the regulated market could drive bettors towards illegal platforms, while licensed operators are subject to anti-money-laundering monitoring and reporting duties.

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