Brazilian government seeks alternative after Chamber rejects R$30bn Cide-Bets
Brazil’s Chamber of Representatives rejected the Cide-Bets contribution during its vote on the Anti-Gang Bill, removing a proposed 15% charge on transfers from bettors to platforms. Justice Minister Wellington César Lima e Silva said the government would pursue a separate bill or other revenue sources after the measure, which projected annual revenue of R$30bn, failed.
Operators could face a further proposed tax after the existing gross gaming revenue rate rose from 12% to 15%.