Brazil’s Chamber of Representatives approved a bill to establish the Federal University of Sport in Brasília, sending it to the Senate for consideration. The proposal allows the Ministry of Sport to allocate part of sports betting revenue to the institution; it does not create a new sector tax.
The bill could direct part of sports betting revenue to a new federal university if it advances through Congress.
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Brazil’s Federal Senate Sports Committee held a public hearing on 15 April to examine how the Public Security PEC could affect sports funding. The proposal would direct 30% of net sports-betting revenue to the National Public Security Fund; sports representatives warned of possible funding losses, while Giovanni Rocco, the Sports Betting National Secretary, called for preserving the current system.
The University of Mississippi requested $2m in annual state funding for problem gambling research and treatment. If approved, the university said it would divide the money equally between its Center on Collegiate Gambling and a proposed Mississippi Gambling Clinic; state lawmakers are expected to decide in early 2027.
Kalshi is exploring another capital raise that could value the prediction-market company at about $40bn as early as the third quarter, according to the report. Its latest fundraising round valued it at about $22bn; Donald Trump Jr.’s earlier equity grant was reportedly worth about $300,000 when Kalshi’s valuation was below $2bn.
The Chamber of Deputies’ Culture Committee rejected amendments to Italy’s Decree-Law 108/2026 that proposed funding women’s football through betting-tax changes or increased penalties for audiovisual piracy. One amendment proposed at least €13 million a year from reworked betting and forecast-game tax rates; sports minister Andrea Abodi said funding for the Zola project was already covered.
North Carolina lawmakers have approved a budget that allocates part of sports betting tax revenue to university athletic departments. Legislative analysts project revenue of US$206 million in 2026–27 under an increase in the tax rate on licensed operators from 18% to 23%. Nine UNC System schools are projected to receive $3 million each next year.