Brazilian Senate committee advances bill to ban betting advertising
Brazil’s Senate Committee on Science and Technology approved a bill that would prohibit betting advertising nationwide; the proposal is due to go before the Committee on Constitution and Justice. Estimates cited in the report put potential losses for Série A clubs at more than R$842 million, while the bill would also cover broadcast and social media advertising and pre-installed betting apps.
A nationwide advertising ban could affect betting companies’ club sponsorships and other marketing agreements in Brazil.