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Brazil Senate committee invites finance minister to discuss betting oversight

Regulation

Brazil’s Senate Human Rights Committee approved an invitation on 10 June for Finance Minister Dario Durigan to discuss authorisation, regulation and oversight of fixed-odds betting. The committee also approved an invitation to the Finance Ministry’s Secretary of Prizes and Betting, Daniele Correa Cardoso; the requests cover addiction prevention, vulnerable groups, advertising oversight and operator authorisation criteria.

The proposed hearing could bring parliamentary scrutiny to operator approvals, enforcement and consumer protections.

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Regulation

Brazil’s finance minister backs betting regulation amid calls for a ban

Reportedly, Brazil’s finance minister supported regulating betting and strengthening controls. The minister stopped short of backing a gambling ban as calls for prohibition increased.

Dario Durigan, Brazil's finance minister, came out in support of regulating betting and tightening oversight of the industry, though he avoided endorsing a ban on gambling. According to him, public accounts do not rely on betting revenue to stay balanced. The rules, he added, have long been consolidated and were never meant to generate income.

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