By SectorWire desk ·
Presidential candidate Renan Santos pledged to prohibit betting companies in Brazil if elected. His proposal would end the legalised betting market.
The candidate’s pledge would reverse the legalisation of betting if implemented.
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Brazilian betting operators face proposals ranging from prohibition to tighter regulation, advertising restrictions and higher taxation.
Presidential contenders propose betting prohibition, advertising restrictions, closer financial monitoring and restrictions on using social benefit payments for betting.
His proposal would end fixed-odds betting if implemented.