Brazilian Chamber approves security bill directing betting revenue to funds
Brazil's Chamber of Deputies approved PEC 18/25 by 461 votes to 14 in a second-round vote, sending it to the Senate. The proposal allocates a share of fixed-odds betting revenue to public security and penitentiary funds, starting at 10% for 2026–2028 and rising to a maximum of 30%; the calculation excludes prizes, income tax and bookmakers’ gross profit. The rapporteur dropped a proposed 6% tax increase on the sector.
The proposal could redirect part of fixed-odds betting revenue to public security and penitentiary funds without the proposed tax increase.