Brazil President Jair Bolsonaro prevents the sports betting proposal from reaching congress. President Bolsonaro is projected to lose his upcoming reelection campaign. Deputy Congressmen Marco Feliciano convinced President Bolsonaro to stop the proposal. BRAZIL – The momentum behind a sports betting proposal in Brazil has … Read more
Brazil is the slight favorite over Spain with odds of (+170) for the gold medal soccer match happening on Saturday. Spain will be the minor underdogs with (+200) odds. Both countries are looking for their second Olympic gold medals in the event’s history for soccer. … Read more
Team USA basketball has been struggling, making longshot odds on teams like Slovenia at +1800 more appealing. Yohan Blake running for Jamaica at +8000 could upset the USA favorites and lead to big payouts. Ryan Murphy (USA) at +250 might be the biggest steal at … Read more
Brazil is looking toward regulating a sports betting market in the country. The measure known as PL 442/91 would make both retail and mobile sportsbooks available for Brazilians. Billions of dollars in annual revenue are estimated to be seen by a regulated sports wagering industry … Read more
FanDuel’s partnership with The Cage Companies will allow FanDuel to offer sports betting at CAGE gambling terminals where CAGE is licensed and sports betting is legal. FanDuel will be accessible to 24% of the US population in 2021 after they launch in Virginia and Michigan. … Read more
Betcris officially launches in Brazil and other Latin American sports betting markets. Betcris believes Brazil will be a major market for legal sports betting. Both pregame and live in-game wagering will be available. BRASILIA, Brazil – Sports bettors in Brazil and other Latin American countries … Read more
Brazil President Jair Bolsonaro has signed into law to privatize the legal sports betting market which has led to conflict. Senator Jaques Wagner has submitted a request to the Ministry of Economy to justify privatized sports betting. Many officials opposed the president’s decree. BRASILIA, Brazil … Read more
Brazil president Jair Bolsonaro signs Decree No. 10,467 which brings regulated sports betting to the countries legislation. Per the decree, the National Bank for Economic and Social Development (BNDES) and the Ministry of Economy are responsible for sports betting in Brazil. BRASILIA, Brazil – Gamblers … Read more
Brazilian President Jair Bolsonaro is set to grant final approval on a plan to transfer control of the sports betting industry from the public sector to private operators. This plan is likely a result of Brazil’s need to cut government spending in the wake of … Read more
Marcelo Crivella has shut down all betting operations at retail providers due to the Coronavirus pandemic. All lottery tickets and sports betting in Brazil must occur with online outlets. RIO DE JANEIRO, Brazil – Mayor Marcelo Crivella announced his ban on retail lottery and sports … Read more
The coronavirus pandemic has caused a delay in sports betting regulations being passed. Sports betting has the potential to earn $3.7 billion a year in taxable revenue for Brazil. BRASILIA, Brazil – Due to the ongoing COVID-19 (coronavirus) pandemic, sports betting will not launch in … Read more
Canada has announced that they will not be participating in the 2020 Summer Olympic Games in Tokyo due to the Coronavirus pandemic. Other countries have expressed their concerns about the Games but Canada is the first one to bow out of the competition unless it … Read more