In anticipation of the forthcoming regulation of sports betting in Brazil, Deputy Ricardo Ayres from the state of Tocantins has introduced a new bill in the National Congress advocating for more rigorous controls on gambling advertising. Bill 3915/2023 aims to refine Provisional Measure No. 1182 by prohibiting promotional and advertising activities of casino betting brands […]
Latam gambling expert Thomas Carvalhaes emphasizes the need for Brazil to adopt a regulatory framework similar to that of Colombia to establish a sustainable and well-regulated online gambling market. Carvalhaes, the managing director of Brazilian online betting operator Vai De Bob and a seasoned professional in the industry, has previously assisted global brands like Hero […]
Brazil’s Federal Government is charting a new course for the fixed-odds sports betting industry, characterized by stringent regulations, a fair taxation model, and a strong emphasis on social contributions. As the country moves towards implementing these measures, the landscape of sports betting in Brazil is poised for transformation, promising enhanced transparency, player protection, and significant […]
The ongoing allegations of match-fixing in Brazilian sports have prompted the government to temporarily shift its focus away from other reforms. A parliamentary commission of inquiry (PCI) on sports betting is scheduled to commence on Tuesday in the Chamber of Deputies, with the participation of up to 34 legislators. Eduardo Bandeira de Mello, former president […]
An investigation focused on result manipulation in sports competitions has been requested by the Minister of Justice and Public Security, Flávio Dino, for the Federal Police to undertake. After it was revealed that athletes from clubs in the main divisions of Brazilian soccer were suspected of collaborating with gangs that act through sports betting sites, […]
In April, there were expectations for the regulation of sports betting through a provisional measure. Now that period has passed, and the government has announced that the regulation will be released in the upcoming days. On May 4th, Senator Jorge Kajuru announced that the government of President Luiz Lula da Silva will propose a regulation […]
XSA Sports, a new client of Slotegrator, has enabled the latter to expand its presence in Brazil. The gaming software provider has now made its online casino platform and game content available in the Brazilian market through this partnership. This expansion is expected to boost Slotegrator’s reputation in the Brazilian gaming industry and help it […]
As Brazil moves towards the regulation of sports betting at a federal level, the matter of taxation needs to be addressed. Ana Moser, the sports minister, has suggested a plan that would place her ministry in charge of this aspect. According to Moser’s proposal, the tax rate for gross gaming revenue would be set between […]
The proposed 15% tax rate on gross gambling revenue in Brazil has raised concerns, with a prominent stakeholder arguing that the actual effective rate could be as high as 26.25% when factoring in additional contributions. Brazil sports betting tax On April 12th, the Ministry of Finance in Brazil conducted a public hearing in Brasilia, wherein […]
Betfast.io, a prominent player in the Brazilian market, has recently struck a fresh agreement with Fast Track. The new deal is set to drive significant value for both companies Fast Track and Betfast.io have joined forces to strengthen their positions in the rapidly evolving Brazilian market. Fast Track’s cutting-edge customer engagement platform, enhanced by the […]