Tag Archives: brazil

As widely expected, Brazil’s governing Liberal Party has confirmed that no federal gambling or sports betting bill will be approved before Brazil settles its general elections in October. The decision was confirmed by Carlos Portinho, Senate leader of the Liberal Party, who backed the delay supported by President Jair Bolsonaro. The delay scuppers original plans drafted by SECAP – the …

Brazilian football clubs Palmeiras, Corinthians and America have each formed partnerships with sportsbooks Betfair, Galera.bet and EstrelaBet, respectively. Palmeiras’ two-year sponsorship agreement with Betfair will provide exposure for the online gambling company in the Verdão women’s soccer team uniform as well as in all official digital content. Similarly, Corinthians’ partnership with Galera.bet names the company as the official sponsor of …

Brazil’s Chamber of Deputies has reinstated a ‘working group’ to ensure that a new regulatory regime is approved to adopt and regulate new gambling laws.   Brasil Socialist Party deputy member Felipe Carrera will lead the working group, reporting developments to Senate President Rodrigo Pacheco. The group is reported to have reinitiated meetings this week to ‘untangle the path’ for Brazil’s …

The groundwork for Brazil’s pending regulation of its federal sports betting regime has become clearer as government agency SECAP publishes a ‘draft proposal’ outlining its preferred regulatory outcomes.  Back in 2019, SECAP – Brazil’s Secretariat of Evaluation, Planning, Energy and Lottery – was placed directly in charge of finalising the legislation of Brazil’s sports betting regime, a mandate that needed …

Betano has announced the renewal of its sponsorship agreement with Atlético Mineiro as the online betting site continues to appear on the team’s shirt until the end of 2024. With the original collaboration with the Campeonato Brasileiro Série A Club beginning in January 2021, the partners stated that it has been successful as it “ratifies the growing strength of betting …

Brazil’s Senate Commission of Economic Affairs has approved a tax proposal on online games, despite a lack of clarity as to how the government will implement its federal gambling laws.  President of the Chamber of Senators Rodrigo Pacheco hinted that “whilst the debate won’t happen anytime soon”, interested parties should have information with regards to what type of taxes will …

Brazil’s Senate Commission of Economic Affairs has approved a tax proposal on online games, despite a lack of clarity as to how the government will implement its federal gambling laws.  President of the Chamber of Senators Rodrigo Pacheco hinted that “whilst the debate won’t happen anytime soon”, interested parties should have information with regards to what type of taxes will …

To the surprise of observers, Thursday, February 24, 2022, will go down in history as the day Brazil finally approved a gambling regulation. In the final hours of a discussion that began on Wednesday afternoon, the Chamber of Deputies took Bill 442/91 to a vote with 246 votes in favour, 202 against and 2 abstentions. The result will allow South …

According to plans submitted by Arthur Lira Brazil’s President of the Chamber of Deputies–  Bill-442/92  that seeks to implement a federal framework to Brazil’s fragmented gambling laws has been included in this week’s agenda and will be debated today.  Though the legislative text is fourth on the list, gambling reformists are positive of progress. Felipe Carreras, the Deputy who drafted …

2022 could be the year when the ‘dormant giant’ that is Brazil finally wakes up, paving the way for the jurisdiction to become one of the largest betting markets in the world. In its latest country report, BtoBet dives into the growing potential for the Brazilian market should regulations be finalised in the near future. With the biggest consumer bases …