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Recife cuts betting operators’ ISS rate from 5% to 2%

Regulation

Recife mayor João Campos reduced the municipal ISS rate for online betting companies from 5% to 2% in mid-May, after the city executive submitted a tax-code amendment to the municipal council. The city said the change aimed to secure tax revenue by aligning Recife’s rate with those in other cities. Separately, Brazil’s federal government was due to propose raising betting tax from 12% to 18% of gross revenue.

The differing municipal and proposed federal rates affect the tax burden on betting operators in Brazil.

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Regulation

Washington gambler sues Kalshi over alleged $308,781.62 losses

Scott Bright filed a lawsuit against Kalshi in King County Superior Court, alleging the platform violated Washington's online gambling ban. His complaint says he lost $308,781.62 between 17 June and 14 August 2026; Kalshi has sought dismissal and argues its event contracts are regulated under federal law and that counterparties, not the company, received his losses.

Scott Bright has sued Kalshi in Washington, alleging that its prediction market violated the state's online gambling ban. Kalshi has sought to dismiss the case.

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