Tag Archives: Sports Betting
Brazil – Government expects to generate R$3 to R$6 billion via sports betting bill
The special adviser to the Ministry of Finance José Francisco Manssur told press that the regulation of sports betting in Brazil has the potential to generate revenues of between R$3 to R$6 billion for the government by 2024. In April, Minister of Finance Fernando Haddad had mentioned in an interview that the Federal Revenue had forecast a collection…
Brazil – Fears over proposed advertising ban
During a meeting on electronic sports betting in the Legislative Assembly of Rio Grande do Sul, the National Association of Games and Lotteries (ANJL) expressed its concerns over a possible advertising ban. Filed this month by Senator Styvenson Valentim, Bill 2,985/2023 proposes changes to article 33 of sports betting Law 13,756. Law 13,756 was signed…
Brazil – Sports betting measure almost ready says government official
During the National Football Conference (CONAFUT) held in Sao Paulo, the special adviser to the Ministry of Finance José Francisco Manssur said that the government’s provisional sports betting measure could be put before the Chamber of Deputies before 17 July, the date of the beginning of the parliamentary recess. The official made the statement during the…
Brazil – Parliamentary inquiry into match fixing hears testimony from player
The Parliamentary Commission of Inquiry (CPI) into match fixing has for the first time, heard from one of the players investigated by the Goiás Public Ministry as part of its match fixing probe. A sports tribunal in Brazil handed down a lifetime ban to midfielder Marcus VinÃcius Alves in May. The sentence was handed down by the…
Ecuador – Court approves tax on sports betting
The constitutional court of Ecuador has approved new taxes on sports betting. The reforms are part of a much wider tax reform bill that includes tax cuts for most families. The court had to endorse or reject two decrees signed by President Guillermo Lasso after he disbanded the National Assembly after facing a vote…
Brazil – Calls grow for limits on betting on events during matches
Brazilian deputy Júlio Arcoverde President of the Parliamentary Commission (CPI) into match fixing has spoken out in favour of a possible ban on betting on certain events in play such as penalties and corners. As reported by Brazilian media outlet Globo, Arcoverde argued that banning bets on events in-play removed a large part of the…
Brazil – New secretariat could usher in sports betting measure Â
Members of the Ministry of Management and Innovation in Public Services (MGI) of Brazil will meet with the Ministry of Finance to create a new secretariat in charge of the funds collected from online betting. Finance Minister Fernando Haddad needs the approval for certain key roles in the department that will be responsible for handling the income generated by sports betting…
Brazil – Head of match fixing inquiry limits number of people summoned
Tempers flared during the parliamentary commission of inquiry (CPI) into sports betting and match fixing. According to local news outlet Metropole the commission’s rapporteur, Felipe Carreras, raised the tone in a meeting that preceded the latest session and complained about the growing number of requests summoning so many people to testify. The commission will have 120 days to investigate the matter and was…
Brazil – Sports betting launches in State of Rio de Janeiro
Loto Carioca has launched sports betting in the State of Rio de Janeiro. Rede Loto adopted the name Loto Carioca for its sports betting product. The launch comes after Rede Loto, was granted the five year licence to operate sportsbetting in the state in June. It is permitted to operate online betting as well as…
