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Brazilian government announces nationwide ban on fixed-odds betting

Regulation

Brazil's government announced a provisional measure on 25 September to prohibit fixed-odds betting, its offer and intermediation, and related advertising nationwide. The report reports that Finance Minister Dario Durigan cited more than R$ 60 billion flowing to betting companies, while available regulated-market gross gaming revenue figures totalled R$ 56.97 billion through the first half of 2026.

The proposed prohibition challenges the regulated betting market and the evidence cited to justify ending it.

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Regulation

Five Brazilian betting associations urge talks on fixed-odds betting ban

Five Brazilian betting associations called on federal authorities and Congress to revisit the fixed-odds betting ban in a joint statement released on 26 October. They said future rules should preserve regulatory progress, strengthen anti-gambling efforts and provide greater legal certainty for operators and investors.

A joint statement dated 26 October saw regulated betting operators in Brazil welcome the re-election of President Luiz Inácio Lula da Silva and press for fresh discussions on fixed-odds betting in the country. Federal authorities and the National Congress are urged in the statement to revisit the regulation identified as PM 1394/2026, which prohibited fixed-odds betting. According to the associations, any alternatives ought to preserve regulatory progress, step up anti-gambling efforts and provide operators and investors with greater legal certainty.

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