SectorWire
SearchGet the daily briefing
Menu

Brazilian Congress committee advances bill allocating up to 3% of betting revenue to Funapol

Regulation

Brazil’s joint congressional committee approved a report on Provisional Measure 1.348/2026, directing a rising share of fixed-odds betting revenue to Funapol. The fund would receive 1% in 2026, 2% in 2027 and 3% from 2028, after prize payments and income tax; the proposal now goes to votes in both houses.

The proposed allocation would redirect part of betting revenue from health, social assistance and Social Security to Funapol.

Request a correction

Keep reading

Regulation

Brazilian government seeks betting ban through Congress and Supreme Court

Brazil's government wants Congress to approve Provisional Measure 1,394/2026 by the end of the year, while a media report says it also hopes the Supreme Court will invalidate the 2018 law legalising fixed-odds betting. The measure was published on 25 September and has 99 amendments, four withdrawn; its joint committee has not been installed. The Supreme Court hearing took place on 3 November, but the full court has not scheduled a ruling.

Brazil's government reportedly wants Congress to approve Provisional Measure 1,394/2026, which it lists among five priorities to pass before the parliamentary recess. A separate report said the government prefers not to face the debate in Congress. That report said the government's bet is on a Supreme Court decision declaring Law 13.756/2018 unconstitutional, the law signed by Michel Temer that legalised fixed-odds betting in the country.

Continue reading