Tag Archives: Sports Betting
Brazil – Brazilian Institute of Responsible Gambling outlines concerns over image rights
The Brazilian Institute of Responsible Gambling (IBJR) has expressed its opposition to the possible removal of an article in the revised version of the sports betting bill in the senate. The IBJR said that it had became aware of a movement that would revoke the provisions of an article in the bill so that the…
Brazil – Senators looking for agreement on online bill
Senators belonging to the Economic Affairs Committee (CAE) and the Sports Committee (CEsp) are still trying to agree on the tax rate and other issues with the government looking for a middle ground on the tax rate. According to Brazilian newspaper Folha de S.Paulo (Folha) Senator Angelo Coronel still leads the ranks of those who support the…
Brazil – National Association of Games and Lotteries welcomes sports betting regulations
Brazil’s National Association of Games and Lotteries (ANJL) has released a statement regarding the government’s ordinance on sports betting published last week. Headed by Wesley Cardia the ANJL argued that the ordinance was positive news for the industry as it it would create jobs and lead to investment while strengthening the sports betting industry overall….
Brazil – Proposed tax rate change put forward for player winnings
Senator Angelo Coronel the rapporteur of the sports betting bill in the Committee on Economic Affairs (CAE) in the senate has put forward proposed changes to the way player winnings would be taxed. The tax rate for players would be calculated in the same way as profits are taxed for “day trading” which would mean that players…
Brazil – Government publishes ordinance on sports betting
The Ministry of Finance has published a decree providing general conditions for sports betting in Brazil. The ordinance, signed by Minister Fernando Haddad, includes general rules on combating money laundering and other crimes, in addition to responsible gambling measures which must be put in place by the operator. Sports betting will be explored, exclusively, in a competitive environment, with…
Brazil – IBJR publishes study into impact of sports betting bill
The Brazilian Institute of Responsible Gaming (IBJR) has once again criticised Brazil’s online gambling bill. The IBJR released a study compiled by economic consulting business Tendências Consultoria based in Sao Paulo. According to the study the proposed tax rate when combined with other taxes and fees could make the market unfeasible for many operators. This in…
Brazil – Public hearing on sports betting held in the senate
In a public hearing last Thursday (19) at the Economic Affairs Commission (CAE), lawmakers and stakeholders discussed the main points that need to be addressed for Brazil’s sports betting bill (PL 3626/2023 ). According to the senate news agency José Francisco Manssur, special advisor to the Ministry of Finance, laid out the most important points…
Brazil – Government wants to speed up the approval of its sports betting bill
The Minister of Institutional Relations, Alexandre Padilha, stated that the government was working with the expectation that the senate will approve its online sports betting bill this month. “We are going to work to see if we can vote as quickly as possible on regulating the rate for electronic betting”, announced Padilha. The regulation of 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…
