Free Market Association warns Brazil betting ban could undermine contract certainty
Free Market Association executive director Paulo Ganime said lawmakers are concerned that Brazil’s provisional measure banning fixed-odds betting could affect contracts held by clubs and broadcasters. The measure, signed by President Luiz Inácio Lula da Silva on 25 September, took effect upon publication and requires congressional approval within 120 days; betting and broadcasting groups have also challenged it in the Supreme Federal Court.
The measure’s effect on betting-related contracts could affect operators, clubs and broadcasters while Congress reviews the ban.