By SectorWire desk ·
The report said that Brazilian presidential hopeful Renan Santos said he intended to prohibit fixed-odds betting if elected. Santos is a co-founder of Movimento Brasil Livre.
His proposal would end fixed-odds betting if implemented.
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Brazilian betting operators face proposals ranging from prohibition to tighter regulation, advertising restrictions and higher taxation.
Presidential contenders propose betting prohibition, advertising restrictions, closer financial monitoring and restrictions on using social benefit payments for betting.
The candidate’s pledge would reverse the legalisation of betting if implemented.