Brazil

This significant development, enacted on New Year's Eve, marks the culmination of a lengthy regulatory process in Brazil, setting a new precedent in the country's gaming sector. Key Aspects of...

This development is a pivotal moment for the Brazilian sports betting industry, signaling a potential influx of 1.65 billion reais (approximately $332.27 million) in the next year alone. The...

While the imposition of an 18% tax on Gross Gaming Revenue (GGR) exceeded expectations, the concerns raised by industry players extend beyond just the tax rate. Grasping the Taxation Landscape The...

The bill has now advanced to the Senate for further consideration. Government's Response The government has welcomed this approval, with Jose Guimaraes, the leader in the lower house, emphasizing that the...

Bill number 3626/23 is an amendment to Provisional Measure number 1,182 which was introduced by President Luiz Inácio Lula da Silva in July. At present, the bill is under...

A study conducted by Hand, an independent advisory firm specializing in the sale, purchase, and management of companies, reveals this potential impact on smaller operators in the market. Room for...

The Rio de Janeiro State Lottery (LOTERJ) has completed the accreditation process for companies interested in operating sports betting within the Brazilian state. The deadline for submissions was August...

The president of the Sports Betting CPI (Parliamentary Commission of Inquiry), Deputy Julio Arcoverde (PP-PI), has submitted a request for the extension of the commission's work by an additional...

President Lula da Silva of Brazil signed Provisional Measure 1182 on July 25th. The measure, which includes an 18% tax on gambling operators and other regulations related to the...

After years of discussions and delays, Brazil has taken a significant step towards regulating the sports betting industry. President Luiz Inácio Lula da Silva signed the Provisional Measure (PM)...

The Brazilian Minister of Finance, Fernando Haddad, announced last Thursday that the government plans to propose a bill to Congress for the regulation and taxation of sports betting. The...

During the National Football Conference (CONAFUT), José Manssur, the special advisor to the Brazilian Ministry of Finance, revealed that the government is on the verge of enacting sports betting...