A proposal to double the tax on betting companies’ gross revenue remains before Brazil’s Senate Economic Affairs Committee, with no date set for a vote. Betting-sector companies oppose the measure, while the National Confederation of Industry supports creating a tax on online betting; the proposal would not require a Senate plenary vote if approved by the committee.
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Brazil’s finance minister Fernando Haddad said on 5 November that proposed tax increases on betting operators and fintechs could raise about R$5bn in 2026. A bill before the Senate’s Economic Affairs Committee would raise the tax on betting gross gaming revenue from 12% to 24%; Haddad said the government had included the projected revenue in its 2026 budget planning. The committee president said a vote was due by 11 November.
Brazilian government relations minister Gleisi Hoffmann and congressional government leader Randolfe Rodrigues backed raising taxes on betting companies as part of a proposed package to offset changes to the IOF financial transactions tax. Rodrigues said a provisional measure was in final adjustments; one proposal would increase betting taxation from 12% to 18%, but congressional approval is not assured.
Eight Flamengo supporters’ groups have formally opposed government moves to prohibit sports betting in Brazil. Their social media statement followed protests at the Fla-Flu derby and called for broader discussion of the potential consequences for football’s financial sustainability.
Brazilian football clubs and the FERJ, FPF and FAF federations issued a joint statement opposing a possible federal provisional measure to prohibit sports betting. They argued that suspending the regulated market could leave clubs insolvent, disrupt existing financial commitments and push consumers towards illegal platforms.
Corinthians, Palmeiras, São Paulo and the Paulista Football Federation coordinated opposition to Bill 560/2025. A municipal committee endorsed the proposal that week. It would prohibit fixed-odds betting advertising at city events, with BRL50,000 fines and possible suspensions of event-organising rights for up to two years.