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Tag Archives: Brazil

Lawmakers to hold public hearing on online gambling tax rate

Deputies have approved a request put forward to the Finance and Taxation Committee to hold a public hearing to discuss the taxation of online gambling in Brazil. The request was put forward by Deputy Mário Negromonte Jr. The deputy said that he wanted to hear from representatives of the Ministry of Finance and some companies…

Brazil – Supreme Court validates law establishing health and tourism lotteries

In a unanimous decision, the plenary of the Supreme Federal Court (STF) upheld the federal law authorizing the creation of Health and Tourism Lotteries allocating part of their profits to the National Health Fund (FNS) and the Brazilian Tourism Promotion Agency (Embratur). The Green Party (PV), the author of the action, wanted Law 14.455/2022 declared…

Brazil – Inquiry into match fixing to go ahead

A parliamentary inquiry commission (CPI) into match fixing in Brazilian football has been approved by senators. The President of the Federal Senate, Rodrigo Pacheco, announced the opening of a Parliamentary Commission of Inquiry (CPI) to investigate match-fixing in Brazilian football last week. The CPI of Sports Betting is in response to a request filed by…

Brazil – Inquiry gains momentum after Sportradar places Brazil in top spot for suspicious matches

In a speech in the Senate Plenary Senator Romário announced that he will begin collecting signatures to open a parliamentary inquiry commission (CPI) with the aim of investigating the alleged manipulation of football match results in Brazil. According to the senator, the creation of the CPI is necessary in light of the emergence of numerous…

Brazil – Lawmakers propose amendment to resolve tax on player winnings

The government could be close to resolving the issue of the tax rate on player winnings. President Luiz Inácio Lula da Silva sanctioned online sports betting and casino games on December 30. The original bill provided that prizes up to BRL 2,112 (the limit of the lowest Personal Income Tax bracket at the time) would…

Brazil – Caixa reports slight increase in lottery revenue in 2023

Caixa lotteries  shared the financial results for the fiscal year 2023 as part of Caixa Econômica Federal’s annual final presentation. According to the report, the accumulated result for the year 2023 showed revenue of R$23.4 billion. This represents an increase of only 0.9 per cent compared to the total income recorded in 2022 – R$23.2…

Brazil – Senate sports commission approves public hearing on match fixing

The CEsp (Senate Sports Commission) has approved a request for a public hearing to discuss match-fixing in the Brazilian football championship of 2023. The request was made by Senators Eduardo Girão and Carlos Portinho. The debate is expected to include the presence of Thierry Hassanaly, a representative of the company Good Game, specialized in analyzing…

Brazil – OKTO’s U4C company receives authorisation from Paraiba Lottery

OKTO’s strategic portfolio company, U4C has been authorised to process payments in the Paraiba Lottery. Following the strategic investment, the Paraiba Lottery cements the group’s preparedness for the evolving regulatory framework in the betting landscape and authorises the company to facilitate payments for the lottery service in Paraíba, encompassing state sports betting. U4C is a…

Brazil – Lotex removed from privatisation programme

The federal government has announced that it has withdrawn the Instant Lottery (Lotex), from the National Privatization Program (PND). The measure was formalized through a decree published today which was published in the Official Gazette of the Union. The decree was co-signed by the acting President of the Republic, Geraldo Alckmin, and the Minister of the…