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