Brazil Senate approves 15% CIDE-Bets levy on betting deposits
Brazil's Senate unanimously approved the Antifaction Bill, which includes a 15% CIDE-Bets contribution on deposits by individuals with betting platforms; the proposal now returns to the Chamber of Deputies. The National Association of Games and Lotteries (ANJL) opposed the levy, arguing it could push customers towards illegal operators and create legal uncertainty for regulated businesses.
The proposed deposit levy could affect operators' costs and customers' choice between regulated and illegal betting platforms.