Brazilian deputy proposes repealing fixed-odds betting law and banning operations
By SectorWire desk ·
Summary
Brazilian federal deputy Rodrigo Rollemberg introduced Bill 2.972/26 to repeal Law 14.790/23. The proposal would prohibit physical and online fixed-odds betting, associated payments, advertising and sponsorship, with fines reaching BRL2bn. It requires committee scrutiny and approval from both the Chamber of Deputies and Senate.
Why it matters
Fixed-odds betting operators face a proposed prohibition covering operations, payments, advertising and sponsorship, pending legislative scrutiny and approval.