SectorWire
SearchGet the daily briefing
Menu

Lula raises possibility of ending Brazil’s regulated online betting market

Regulation

Brazilian President and re-election candidate Lula da Silva again raised the possibility of ending the regulated online betting market during an interview on 14 August, according to the report. His campaign plan instead calls for monitoring household and business debt, maintaining spending controls and improving rules on credit and consumer protection; it does not propose a ban. Rival candidate Flávio Bolsonaro also addressed betting in his plan.

Lula raised ending the regulated market but his campaign plan proposes no ban, leaving operators and investors uncertain about policy direction.

Request a correction

Keep reading

Regulation

Brazil’s fixed-odds betting authorisations expire as sector loses political support

Brazil’s 85 federal fixed-odds betting authorisations expired on 25 October under Provisional Measure 1,394, which set them to end after 30 days. The article says nearly 190 brands had already switched off their sites in early October; operators received no refund of the R$30 million paid for each five-year licence.

Brazil's 85 federal fixed-odds betting authorisations expired on 25 October, according to the source. Provisional Measure 1,394 of 25 September had set them to end after 30 days. The operators paid BRL30m for each five-year licence and the source states the payments were not refunded. Nearly 190 brands had already switched off their sites in the first days of October.

Continue reading