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Tag Archives: Sports Betting

Brazil – Different tax rates for online casinos and sports betting proposed

Senator Angelo Coronel the rapporteur of the sports betting bill in the Senate’s Economic Affairs Committee has said that he intends to maintain the 18% GGR taxation rate for online casinos and reduce the sports betting tax rate to 12%. The bill has already passed through the Chamber of Deputies and is being processed urgently in the Senate. If…

Brazil – Sports betting bill progressing through committee stages

The Sports Commission (CEsp) of the Brazilian Senate has issued an opinion on the sports betting bill. The document was written up by Senator Romário rapporteur of the bill in the CEsp in the senate. The 27-page document keeps in place the five-year period for the sports betting license, maintains the cost of R$30 million and guarantees the…

Peru – New online regulations to come into force

The Ministry of Foreign Trade and Tourism (Mincetur) has finally approved the regulations of Law No. 31557 which regulates online gaming and sports betting. Head of Mincetur Juan Carlos Mathews, welcomed the news saying that the new regulations put in place “a cutting-edge standard” which would provide improved player protection measures. The new regulations will…

Chile – More sponsorship deals could end says lawyer for online sector

Through a statement, the legal advisor to online betting platforms Betano, Betsson, BetWarrior, Coolbet and Latamwin, Carlos Baeza responded to the early termination of the contract between the National Association of Professional Football (ANFP) and Betsson. Baeza said that more online sports betting operators could now end sponsorship deals leaving athletes at a clear disadvantage….

Chile – Contract between Betsson and ANFP ends

The National Association of Professional Football (ANFP) has announced the end of its sponsorship deal signed with Betsson as of October 15. In a short statement the ANFP said: “The National Professional Football Association reports the end of the contracts it has in force with Betsson as of October 15 of this year. The above…

Brazil – Senators propose ban on celebrities and athletes from promoting sports betting

The Senate Sports Committee (CEsp) met last week to vote on a number of  projects including a proposed restriction of advertising PL 3.405/ 2023. The proposal was put forward by Senator Eduardo Girão and seeks to prohibit in sports betting advertising , the participation of people considered to be celebrities or with power to influence bettors , including athletes, presenters and commentators. “We propose…

Chile – ANFP ordered to tell clubs to end contracts with sports betting operators

The Chilean Ministry of Justice stated that the National Association of Professional Football (ANFP) must tell football clubs that online sports betting is illegal and that as a result they are not permitted to sign contracts with them.  Talking to local daily El Mercurio, the Undersecretary of Justice, Jaime Gajardo  referred to both the ruling of the…

Chile – Another setback for football clubs as court denies appeal

The National Association of Professional Football (ANFP) has been dealt with another setback after it filed an appeal against the recent decree of the Undersecretariat of Justice that forced it to end its contracts with sports betting operators. The First Chamber of the Court of Appeals of Santiago decided not to accept the admissibility of…

Brazil – IBJR says sports betting bill presents threat to sustainable industry

The Brazilian Institute of Responsible Gaming (IBJR) has issued a statement criticising the new sports betting bill. The IBJR said that while bill 3626/2023 was important and marked a significant step forward it could drive players to offshore markets and presented a threat to the viability of a sustainable industry. “Unfortunately, PL 3626 conceptually reproduces…