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Brazilian Senate committee considers doubling tax on fixed-odds betting

Regulation

Brazil’s Senate Economic Affairs Committee may vote on 18 November on a bill that would double taxation on fixed-odds sports betting, according to the report. The proposal also raises the CSLL contribution for fintechs and other financial institutions. If approved by the committee, the bill would proceed to the Chamber of Deputies unless a floor vote is requested.

A committee vote could advance a proposed increase in the tax burden on fixed-odds betting operators.

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Regulation

Brazilian government prohibits fixed-odds betting under MP 1,394/2026

Brazil’s MP 1,394/2026 prohibits fixed-odds betting, according to a report discussing the measure and its effects on licensed operators. The report says 85 operators paid R$30 million each for five-year authorisations, totalling R$2.55 billion, and that the government will not refund fees for unused periods. Finance Minister Dario Durigan said investors would have predictability in Brazil.

Brazil's government has prohibited fixed-odds betting through MP 1,394/2026, according to the report. The measure ends authorisations that had been active for 22 months. The government will not refund the authorisation fees or the portion covering the remaining period, the report says.

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