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Brazilian Congress faces 23 November deadline to debate online betting ban

Regulation

Brazil’s provisional measure banning fixed-odds betting and online gambling reached its amendment deadline on 13 October, with Congress due to debate it by 23 November, the measure’s reported timetable states. At least 58 amendments had been filed by the previous Friday, including proposals to preserve sports betting and limit the ban to online casinos; the measure is due to begin blocking the plenary agenda on 9 November.

The amendments could determine whether sports betting remains permitted under the proposed restrictions.

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Deals & M&A

KTO faces reported closure after Brazil betting ban

It was reported that KTO may close following a betting ban in Brazil. KTO has not officially confirmed a closure, while employees' LinkedIn posts suggest the company may cease operating in its current form.

According to reports, KTO has shut down in Brazil, the only market it served. The reported move came shortly after the country prohibited online betting through MP 1.394/2026, within a span of under three weeks. KTO has not officially confirmed the closure, and the company had not responded to a request for comment by the time of publication. Visitors to KTO's Brazilian B2C site are now sent to brasilsembets.gov.br, a government page.

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