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Brazilian Chamber committee approves Timemania fund-distribution bill

Regulation

The Chamber of Deputies’ Sports Committee approved a bill to amend the rules for distributing Timemania proceeds among football clubs in Brazil. Under the approved text, half the funds would be shared equally and half allocated according to bettors’ club selections; the bill still needs review by two other committees and approval by both chambers to become law.

The proposed formula would determine how Timemania proceeds are allocated among participating football clubs.

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