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Brazilian deputy requests betting-market oversight data from Finance Ministry

Regulation

Federal deputy José Medeiros submitted an information request to Brazil's Chamber of Deputies seeking details from the Finance Ministry on fixed-odds betting regulation, enforcement, tax receipts and anti-money-laundering controls. He asked for figures on authorised firms, pending and rejected licence applications, concession revenue and oversight of unlicensed operators and payment providers. The executive has up to 30 days to respond, according to the report.

The request could prompt official disclosures on licensing, revenue and supervision of Brazil's betting market.

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Regulation

Brazil finance ministry weighs betting secretariat's future amid proposed ban

Brazil's Ministry of Finance is considering reducing or closing its Secretariat of Prizes and Betting if sports betting and online casinos are prohibited, according to a media report. Options include retaining basic functions to monitor illegal activity and lotteries or ending the secretariat. The report cites projected annual betting revenue of R$2.5bn that would be at risk under a ban; no prohibition has been enacted in the material.

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