An opinion article argues that proposed higher taxes on sports betting and online gaming in Brazil could undermine the regulated market. It cites a possible increase in tax on gross revenue from 12% to 18%, a proposed CIDE-Bets contribution and an estimated R$12 billion in retroactive tax claims.
Higher proposed taxes and retroactive claims could weaken Brazil’s regulated betting and online gaming market.
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Flamengo has opposed a proposed amendment that would redirect Brazilian betting tax revenue from sport to public security. The club said lawmakers introduced the amendment during consideration of the Security PEC before July’s parliamentary recess. Flamengo supports additional security funding but argues that reallocating betting revenue would reduce resources already committed to sport.
Buenos Aires province’s legislature has left a proposed comprehensive online gambling law pending, while its Chamber of Deputies examines projects addressing problem gambling. Province mental health official Julieta Calmels warned that gambling can become problematic as betting enters daily routines; the legislature’s gambling and prevention commission has yet to make significant progress.
Thailand’s government postponed parliament’s planned consideration of the Entertainment Complex Bill, which includes casino provisions, amid concerns over US trade measures. The government said it was not withdrawing the bill, but would prioritise responding to the trade situation and the earthquake’s aftermath.
Madrid published measures concerning a tax reduction for established hospitality businesses and income from gambling taxes and fees, reportedly in the official bulletin. The available text gives no detail on the reduction or gambling revenue figures.
Panelists at a session in Fort Lauderdale questioned the Commodity Futures Trading Commission’s proposed rules for prediction markets, according to the report. They raised concerns about young people’s exposure, responsible-gambling safeguards and the risk of market manipulation; one speaker said legal challenges from states and tribes could follow the comment period.