SectorWire
SearchGet the daily briefing
Menu

Lula defers decision on Brazilian sports betting after consultations

Regulation

Brazilian President Luiz Inácio Lula da Silva said he would decide the future of sports betting after reviewing consultations with civil society, in an interview broadcast on 10 September. He said he would not disclose his decision in advance and reported hearing about 10 or 11 people during the consultation round.

Operators and regulators await the president’s decision on the future of sports betting in Brazil.

Request a correction

Keep reading

Regulation

Brazil finance minister says betting suspension will require 2027 budget adjustment

Brazilian Finance Minister Dario Durigan said on 5 November that suspending betting would reduce projected Selective Tax revenue and require an adjustment to 2027 budget planning. The government collected R$15.3bn in sector taxes between January 2025 and September 2026, according to figures presented by the Federal Revenue Service. Congress must review the provisional measure within 120 days, with the deadline extending to 5 March 2027; otherwise, the measure will expire.

Brazil's President Luiz Inácio Lula da Silva decided on 25 September to ban sports betting and online gaming, and this will reduce projected Selective Tax revenue next year. Finance Minister Dario Durigan announced this at a press conference on Thursday.

Continue reading