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Nigeria’s sports ministry partners with Yanga Games on athlete funding

Deals & M&A

Nigeria’s Federal Ministry of Sports signed a partnership with lottery company Yanga Games to raise funds for athlete welfare and sports development, according to the company’s chairman and chief executive, Derrick David Kentebe. Kentebe said the parties aim to raise about 34 billion over four years through raffle draws, fundraising and other routes; the source does not state a currency.

The agreement links a lottery company with public sports funding and sets a four-year fundraising target.

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Regulation

CBF, COB and CPB present sports funding losses at Brazil Supreme Court

Brazilian sports bodies CBF, COB and CPB addressed a Supreme Court hearing on 3 November about MP 1.394/2026, which prohibits fixed-odds betting. CBF projected a R$ 420 million revenue loss in 2027, while COB estimated a R$ 2.6 billion impact on sport; CPB supported regulation as a way to protect bettors.

Brazil's football, Olympic and Paralympic bodies presented the financial effects of Provisional Measure 1.394/2026, which banned fixed-odds betting, to the Supreme Federal Court (STF). They did so at a public hearing called by justice Luiz Fux under case ADI 8027 on Tuesday 3 November. The three bodies were the Brazilian Football Confederation (CBF), the Brazilian Olympic Committee (COB) and the Brazilian Paralympic Committee (CPB).

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