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Brazil minister Boulos calls for higher taxes on betting companies

Regulation

Brazil’s Minister of the General Secretariat of the Presidency, Guilherme Boulos, called for higher taxes on betting companies during his inauguration address. He also backed taxing billionaires, arguing that the measures could increase public funds and reduce inequality; the source does not identify a specific tax proposal or legislative next step.

Operators and investors face renewed political advocacy for higher taxation of betting companies in Brazil.

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Regulation

Brazil minister Guilherme Boulos renews call to ban online betting

Brazilian minister Guilherme Boulos again called for a ban on online betting during an interview, arguing that the regulatory framework approved in 2023 had not resolved associated problems. He alleged links between betting platforms, money laundering and illegal activity but provided no evidence for those claims. His remarks follow a congressional proposal to ban online casinos and restrict online gambling advertising and supply.

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