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Ethiopia’s betting market report cites 10 approved sportsbook operators

Regulation

A report on Ethiopia’s betting market said 10 companies had approval to offer sportsbook products, at the National Lottery Administration’s discretion. It also said bookmakers were required to contribute 20% of net revenue to sports organisations and clubs under an agreement with the administration.

The reported operator count and revenue-contribution requirement are relevant to companies assessing Ethiopia’s betting market.

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Regulation

Brazilian Congress president extends betting ban measure by 60 days

Brazil’s Congress president, Davi Alcolumbre, extended the provisional measure prohibiting fixed-odds betting for a further 60 days, with the decision published on 11 November. The extension gives lawmakers until February to consider the measure, which would end betting authorisations, block websites and apps, and return user balances; the government estimates the ban would reduce revenue by BRL12bn.

Brazil’s provisional ban on fixed-odds betting has been extended by another 60 days by Congress president Davi Alcolumbre. The decision appeared in the federal official gazette on Wednesday 11.

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