By SectorWire desk ·
The report said that Brazil’s Supreme Federal Court will hear a constitutional challenge to laws permitting online betting. The case follows a complaint from the Office of the Prosecutor General.
The case puts the legal basis for Brazil’s online betting rules before the court.
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The amendments and possible delayed court decision leave operators awaiting the prohibition’s final legislative and judicial treatment.
The challenge could affect betting companies seeking to operate in Brazil.
The ban and uncertainty over its reversal may affect licensed operators’ ability to recover their investments in Brazil.
The trade bodies argue that the ban threatens operators’ existing authorisations after they invested in Brazil’s regulated market.
ANJL seeks interim suspension of restrictions on betting advertising, sponsorship and promotion on state property and at state-supported events.
ANJL’s constitutional challenge brings Minas Gerais sports betting advertising restrictions before Brazil’s Supreme Federal Court.