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Kenyan writer urges parliament to reject proposed Finance Bill 2024

Regulation

An open letter published on 18 June urged Kenya’s parliament to reject the proposed Finance Bill 2024, arguing that its tax provisions would harm the betting industry. The writer said the bill would raise excise duty on gaming stakes from 12.5% to a proposed 20%; the proposal was before the National Assembly.

The proposed tax increase could affect betting companies operating in Kenya if parliament approves it.

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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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