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Eduardo Braga seeks support for Brazilian betting tax proposal

Regulation

Senator Eduardo Braga has avoided discussing his plans for a Brazilian bill that would increase taxes on betting operators and fintechs, according to reports cited in the article. The proposal, authored by Renan Calheiros, has twice been removed from the Senate Economic Affairs Committee agenda; Braga has said higher taxes make sense only after the government closes the illegal market.

The bill’s progress could affect betting operators’ tax exposure in Brazil.

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Regulation

Quaest poll puts bets and social media at 7% as source of hope nationwide

A Quaest poll found that 16% of respondents who were optimistic about Brazil's future cited regulation of betting and social media as a source of hope under President Luiz Inácio Lula da Silva. That group represented 44% of respondents, making the combined issue about 7% of the full sample; the poll did not separate betting from social-media regulation. The survey interviewed 2,004 people from 30 October to 2 November.

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