SectorWire
SearchRegister
MenuClose

Brazil’s TCU dismisses complaint over proposed betting-operator data secrecy

Regulation

Brazil’s Federal Court of Accounts (TCU) unanimously dismissed a prosecutor’s complaint over a proposed policy to keep betting-company partners’, administrators’ and beneficial owners’ names confidential during licensing. In its 24 June ruling, the TCU said the complaint challenged an announcement rather than an implemented administrative act and rejected a request for interim measures; the policy’s formal adoption remains pending.

The ruling leaves the proposed confidentiality policy unreviewed unless Brazil’s Finance Ministry formalises it through an administrative act.

Request a correction

Flag an issue

Keep reading

Regulation

Brazil betting ban leaves suppliers with unpaid invoices and cancelled contracts

Brazil’s betting ban has left suppliers and contractors facing unpaid invoices and cancelled contracts, according to industry participants. The SPA said it had no study measuring the ban’s effects before it took effect; operators must still keep records for five years and report to the authority.

Brazil's betting ban has left suppliers with unpaid invoices and contractors with cancelled agreements, industry participants said. Provisional Measure 1.394, signed on 25 September, closed the regulated betting market, and Justice Luiz Fux suspended lower-court challenges nationwide from 9 November.

Continue reading