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Senator seeks full Senate vote on proposed bets tax increase in Brazil

Regulation

Brazilian senator Carlos Portinho said he would request a plenary vote on a bill raising taxes on betting companies and fintechs, after the Senate Economic Affairs Committee approved it. The request, expected before the end of the five-business-day appeal period, would delay the bill's transfer to the Chamber of Deputies. The report said the request had gathered the nine signatures required for approval.

A plenary vote could delay the bill's progress and leave the proposed tax treatment of betting companies unsettled.

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Regulation

Brazilian senator proposes bets licence exemption for SUS hospitals

Brazilian senator Dra. Eudócia proposed legislation allowing non-profit health organisations that serve the SUS to operate fixed-odds betting, reportedly in a proposal presented to the Senate. The bill would exempt eligible organisations from licence costs and require all net betting revenue to fund health-related activities, with profit distributions prohibited.

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