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IBJR warns proposed Cide-Bets tax could expand Brazil’s illegal betting market

Regulation

The Instituto Brasileiro de Jogo Responsável (IBJR) warned on 6 December that the proposed Cide-Bets tax could strengthen illegal betting in Brazil. The group said legal operators already face an estimated tax burden above 35% and questioned projections of R$ 30 billion in additional annual revenue.

IBJR’s warning highlights how the proposed tax could strengthen illegal betting while legal operators face a burden above 35%.

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Regulation

ANJL opposes proposed 15% CIDE-Bets charge in Brazil

The National Association of Games and Lotteries (ANJL) said a proposed 15% CIDE-Bets charge could undermine licensed betting companies in Brazil. The association cited an existing sector tax burden of nearly 48% and warned that smaller operators could close; the measure remains part of the proposed Anti-Faction Bill.

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