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Kenyan report puts betting stakes at Sh620.97bn from 2018 to 2022

Regulation

A report presented to Kenya’s National Assembly Committee on Sports and Culture said gamblers placed Sh620.97 billion in bets between 2018 and 2022. It reported Sh532.72 billion in winnings paid and Sh88.24 billion in gross gaming revenue over the same period; the source also cited a 12.5% tax on stakes and 20% withholding tax on winnings.

The reported stakes, payouts and tax rates provide operators and regulators with figures on Kenya’s betting market and fiscal framework.

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Brazilian Congress president extends betting ban measure by 60 days

Brazil’s Congress president, Davi Alcolumbre, extended the provisional measure prohibiting fixed-odds betting for a further 60 days, with the decision published on 11 November. The extension gives lawmakers until February to consider the measure, which would end betting authorisations, block websites and apps, and return user balances; the government estimates the ban would reduce revenue by BRL12bn.

Brazil’s provisional ban on fixed-odds betting has been extended by another 60 days by Congress president Davi Alcolumbre. The decision appeared in the federal official gazette on Wednesday 11.

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