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Brazil’s Luiz Fux voices support for banning fixed-odds betting

Regulation

Supreme Federal Court minister Luiz Fux said at a public hearing in Brazil that he believed betting should be prohibited, while the court considers challenges to the proposed ban on fixed-odds betting. Club representatives defended the regulated market; Flamengo said the measure could put about R$430 million in annual income at risk. The court’s other members will decide on the measure’s constitutionality.

The court’s decision will determine whether fixed-odds betting remains lawful, affecting Brazil’s regulated market and club income.

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Regulation

Palver survey finds 65% support fixed-odds betting in Brazil

A Palver survey in Brazil found that 65% of respondents supported fixed-odds betting, while 1% said the ban could change their presidential vote. Conducted online from 24 to 27 September, the survey also found that 52% said the measure would not affect their vote; some responses preceded the government’s announcement on 25 September.

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