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Brazilian lawyers warn betting ban threatens investor legal certainty

Regulation

An analysis by three Brazilian lawyers argued that MP 1.394/2026 could undermine legal certainty for foreign investors by ending fixed-odds betting authorisations within 30 days. The measure also requires betting websites and advertising materials to be removed within 10 days, without refunds of authorisation fees or compensation. The authors said the policy's effects on existing contracts and investments require examination.

Operators and investors face compressed authorisation and advertising deadlines without stated reimbursement or compensation.

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Brazilian industry representatives warn betting ban could expand illegal market

Industry representatives warned at a Supreme Federal Court hearing in Brazil that the betting ban could shift activity to unlicensed operators. The Ministry of Justice said it had requested the removal of 36,905 websites between 25 September and 29 October; representatives also said betting volumes fell 32% in the latest three-month data compared with a year earlier.

A debate has intensified in Brazil over whether the betting ban protects consumers or steers gambling toward unregulated operators. The matter featured at a Supreme Federal Court (STF) public hearing on Tuesday. At that hearing, 34 entities discussed Provisional Measure 1.394, the measure that banned betting in Brazil.

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