By SectorWire desk ·
Flamengo issued a statement on 31 August supporting the retention of betting revenue allocated to Brazilian sports. The statement concerned an amendment to PEC 18 during consideration in the Chamber of Deputies.
Flamengo’s statement supports retaining betting revenue allocated to Brazilian sports amid consideration of an amendment in the Chamber of Deputies.
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The timing of Fux’s review and the MP’s required congressional vote affect operators’ authorisations and betting sponsorships in Brazil.
The proposals could change whether authorised betting operators can continue operating in Brazil and which gambling products remain prohibited.
Flamengo and Fluminense’s protests show regulators opposition from football clubs to prohibiting betting in Brazil.
Flamengo’s protest signals opposition from the club to government restrictions on Brazil’s sports betting market.
The Maracanã protests give regulators a public expression of opposition to restrictions on betting companies in Brazil.
Supporters’ opposition brings concerns about football’s financial sustainability into debate over Brazil’s proposed sports betting prohibition.