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Brazilian lawmaker proposes banning fixed-odds betting

Regulation

Deputy Pedro Uczai has presented a bill proposing a ban on fixed-odds betting in Brazil, according to an opinion article. The article says 84 companies hold federal authorisations valid for five years and argues that prohibition could lead to claims for compensation over investments and lost economic expectations. It also estimates the country could forgo nearly R$15bn in allocations and taxes in 2026.

A proposed ban could affect authorised operators’ market access and expose the state to investment-compensation claims.

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Regulation

Brazil’s PGR withholds position on fixed-odds betting measure before STF

Brazil’s deputy prosecutor-general Luiz Augusto Santos Lima said at an STF public hearing on 3 November that the prosecutor-general had not yet reviewed the case challenging the provisional measure on fixed-odds betting. Justice Luiz Fux said the court could return the issue to the legislative and executive branches, and noted that the STF would need to consider eight constitutional actions if asked to rule.

Brazil's Procuradoria-Geral da República (PGR) did not state a position on the provisional measure that banned fixed-odds betting in the country. This came at the end of a public hearing convened by Justice Luiz Fux of the Supremo Tribunal Federal (STF) on 3 November. Deputy prosecutor-general Luiz Augusto Santos Lima said the prosecutor-general had not yet reviewed the case challenging the measure.

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