EstrelaBet executive warns Brazil’s proposed betting tax rise could drive users offshore
Brazilian betting company EstrelaBet’s business and institutional relations director Fellipe Fraga warned that a proposed increase in betting tax from 12% to 18% could encourage operators and bettors to use unauthorised platforms. The proposal is part of Provisional Measure 1,303, which was due for a congressional vote before expiring on Wednesday 8 October; Fraga called for dialogue on any legislative changes.
The proposed tax increase could affect licensed operators’ costs and competition with unauthorised platforms.