By SectorWire desk ·
Sports officials and market executives are seeking to overturn a veto on betting companies. The report says their efforts face the electoral calendar and a Supreme Court postponement.
The challenge could affect betting companies seeking to operate in Brazil.
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The amendments and possible delayed court decision leave operators awaiting the prohibition’s final legislative and judicial treatment.
The ban and uncertainty over its reversal may affect licensed operators’ ability to recover their investments in Brazil.
The trade bodies argue that the ban threatens operators’ existing authorisations after they invested in Brazil’s regulated market.
ANJL seeks interim suspension of restrictions on betting advertising, sponsorship and promotion on state property and at state-supported events.
ANJL’s constitutional challenge brings Minas Gerais sports betting advertising restrictions before Brazil’s Supreme Federal Court.
The appeal may clarify the legal status of casino and bingo operations in Brazil.