Brazil’s fixed-odds betting ban ends state-issued authorisations
Brazil’s Provisional Measure 1.394 ended state-issued fixed-odds betting authorisations from 25 September, including those issued by Rio de Janeiro’s lottery, LOTERJ. In an interview, LOTERJ president Fabíola Esteves said fixed-odds betting had accounted for a relevant share of its revenue and that the lottery was planning new products; the measure’s fate is expected to be decided in 2027.
The measure removes a revenue source LOTERJ says supports social programmes in Rio de Janeiro.