SectorWire
SearchGet the daily briefing
Menu

Brazil Supreme Court suspends municipal lottery laws and operations

Regulation

Brazil’s Supreme Federal Court justice Nunes Marques issued an interim order suspending municipal laws and activities relating to lotteries and sports betting, following a challenge by the Solidarity Party. The order sets daily fines of BRL500,000 for municipalities and companies providing betting and BRL50,000 for mayors and accredited-company presidents who continue lottery operations. The full court is due to review the order.

Municipal lottery operators and local authorities face suspended operations and daily fines pending the court’s review.

Request a correction

Keep reading

Regulation

Brazil suspends regulated betting operations under MP 1,394

Brazil’s regulated betting market suspended operations from midnight on 6 October under Provisional Measure 1,394, according to the report. Legal advisers expect licensed operators to seek compensation if their authorisations are cancelled or they remain unable to operate; the measure may lapse if Congress does not review it within 60 days, taking the parliamentary recess into account.

Continue reading