Flamengo protests Brazil betting ban as sponsorship contracts face disruption
Flamengo wore a protest message against Brazil’s fixed-odds betting ban during its match against Santos, reportedly as the Brazilian league resumed under the measure. The club estimates the ban could cost it up to BRL 430 million and has asked the Supreme Federal Court to review the measure; Betano’s logo has been removed from training shirts.
The ban is disrupting betting sponsorships and could expose Flamengo to a financial impact of up to BRL 430 million.