by Giovanni Shorter | Aug 20, 2020 11:15 am | Regulatory
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...
by Carter Floyd | Jun 23, 2020 10:00 am | Regulatory
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 the...
by Christina Monroe | May 13, 2020 11:50 am | Regulatory
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...
by Daniel Borjas | Apr 9, 2020 10:48 am | Regulatory
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...
by Christina Monroe | Mar 23, 2020 12:15 pm | Sports Betting
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 is...