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Brazilian deputies remove 15% CIDE-Bets levy from anti-crime bill

Regulation

Brazil’s Chamber of Deputies approved the anti-crime bill without the proposed CIDE-Bets levy on online sports betting. The Senate-backed measure would have imposed a 15% contribution for the National Public Security Fund; the bill now goes to the president for sanction.

Removing the levy leaves online betting operators outside this proposed 15% contribution, pending presidential action on the bill.

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Regulation

Brazilian Senate approves bill proposing 15% CIDE-Bets levy

Brazil’s Senate approved a revised organised-crime bill on 10 December by 64 votes to none, and the proposal returns to the Chamber of Deputies because senators changed it. The text proposes a 15% CIDE-Bets levy on transfers by sports bettors to platforms, with an estimate of about R$30bn; at least 60% of the funds would go to states through public-security funds. The lower house will decide whether to accept the changes.

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