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Brazilian betting operators estimate beneficiary ban could remove 20% of users

Regulation

Brazilian betting-sector representatives reportedly estimate that a ban on betting by Bolsa Família beneficiaries, effective 1 December, could exclude about 20% of users from regulated sites. The Finance Ministry applied the measure following a Supreme Federal Court order and recommendations from the Federal Court of Accounts.

The reported estimate signals a potential change in the eligible customer base for regulated betting operators in Brazil.

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Regulation

Colorado lawmakers remove prop-bet ban from sports betting bill

Colorado lawmakers removed the proposed prop-bet ban from Senate Bill 131, which advanced through the Senate Appropriations Committee, according to the report. The revised bill retains a ban on credit-card deposits and includes limits on customer deposits, advertising restrictions and annual operator reporting requirements. The source said the change reduced the projected first-year sports betting revenue loss from nearly $2.4m to about $800,000.

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