BRAZIL — Just over a year after legalizing online gambling, Brazil is now facing a serious debate about whether to ban it entirely. During a national speech on International Women’s Day, President Luiz Inácio Lula da Silva made an announcement, claiming that mobile betting was … Read more
Brazil could see sportsbooks launch online and in person within the next few months. Expectations have the Brazilian Congress modified the sports betting measure signed this week. BRASILIA – President Luiz Inacio Lula da Silva signed a sports betting measure on Tuesday that moves regulated … Read more
Following the move to legalize sports betting, Brazil has seen a slew of sportsbooks enter the market and offer their services. New proposals slated to be featured in a provisional measure seek to tax sportsbooks at 15%, but concerns over additional taxes may threaten sportsbook … Read more
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