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IBJR criticises proposed 15% CIDE-Bets levy on Brazilian wagers

Regulation

The Brazilian Institute for Responsible Gaming (IBJR) criticised the CNI’s proposed 15% CIDE-Bets charge on each wager in Brazil, saying it could benefit the illegal market. IBJR said unregulated operators account for about half of betting volume and disputed the CNI’s estimated R$8.5bn in revenue from the measure.

The proposal could change operators’ tax costs and competitive position against illegal platforms.

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