Following Luiz Inácio Lula da Silva’s election victory, Brazil began spending on social programs and are looking to tax online sports gambling to recoup these losses. Early reports estimate that the move to legalize and regulate online sports betting would net between two and six … Read more
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 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
Brazil seems increasingly likely to have an open gambling market by 2020. President Bolsonaro has been inconsistent on the topic, but legalization has proceeded apace. Sportnco CEO Hervé Schlosser expects sports betting to be operational by the second half of 2020. Brasilia, Brazil – The … Read more