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Brazil Senate human rights committee invites finance minister to discuss betting market

Regulation

Brazil’s Senate Human Rights Committee approved an invitation to Finance Minister Darío Durigan to discuss betting regulation, oversight and socioeconomic effects. The committee also invited Daniele Correa Cardoso, head of the Finance Ministry’s Secretariat of Prizes and Betting; no hearing date has been set. Durigan has called for tighter controls, including graduated advertising restrictions, higher taxes and transparency rules.

The proposed hearing could bring ministerial views on betting oversight and licensing criteria before senators.

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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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