Tag Archives: brazil

Brazil sends football envoy to learn Spanish betting safeguards

A special delegation of Brazilian politicians and football executives will travel to Spain next week to research the country’s legislative frameworks governing sports betting. The envoy will be led by Rodrigo Maia, President of Brazil’s Chamber of Duties, and Reinaldo Carneiro Bastos, President of the São Paulo Football Federation. During the visit, Brazilian executives will research Spanish football’s safeguards related …

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SECAP resignation casts doubts on Brazilian betting progress

The progress of Brazil’s planned federal sports betting framework has been cast into doubt following the resignation of Alexander Manoel, Secretary of SECAP – Brazil’s public policy and planning agency for Energy & Lotteries. This week, Brazilian industry news source Games Magazine reported that Manoel had chosen to resign as leader of SECAP, the department tasked with developing the legislative …

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Betsson states Brazilian intent by acquiring 75% stake in Suaposta racing

Stockholm-listed Betsson AB has acquired a 75% majority shareholding in Brazilian racing operator Suaposta, securing an early foothold in Brazil ahead of an anticipated regulated market opening. Betsson management has confirmed its investment in Suaposta, but as yet has chosen not to disclose any deal terms or conditions. Operating in partnership with Porto Alegre’s ‘Rio Grande do Sul Jockey Club’, Suaposta …

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Martin Lycka: What Would Pelé Do?

In the fifth of a series of columns on international gambling legislation, GVC Holdings Director of Regulatory Affairs Martin Lycka wonders what might Pelé and his footballing band of brothers think about Brazilian sports betting regulation. In an exclusive fictitious interview, we have asked Brazil’s all-time leading goal scorers for their views on the regulatory works the Brazilian government has …

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Sportito makes LatAm debut in Brazil

Daily fantasy sports (DFS) operator Sportito has launched its services for the Brazilian market, just four months after launching in India. Brazil becomes the third country – after the UK and India – to offer the Sportito DFS platform, and the firm’s first LatAm market launch. Launching in Brazil, the Sportito platform will cover international and domestic soccer contests, as well as basketball, …

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InsiderSport: On The Ball – China to host 2021 FIFA Club World Cup

From sponsorship to the ever-expanding world of football media coverage, when it comes to the business of football, InsiderSport has you covered. This week’s OTB reports on the latest MLS expansion franchise, FIFA’s Club World Cup announcement and Amazon’s latest fly-on-the-wall documentary featuring Tottenham Hotspur.  FIFA awards hosting rights of the 2021 Club World Cup to China China PR has …

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IGT & Scientific Games consortium secures Brazil’s LOTEX tender

Following seven failed attempts to sanction an effective tender process, BNDES – Brazil’s national development bank – has confirmed the sale of state-owned instant win games (scratchcard) operator LOTEX to ‘Consórcio Estrela Instantânea’ – a 50/50 joint venture consortium formed by IGT and Scientific Games Corporation (SGC). The IGT-SGC vehicle secures a 15-year concession, having been the only entity to bid …

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Brazilian sports seeks to establish Committee for betting protections

Leading figureheads in Brazilian sports governance have urged the PSL government to help form a ‘Sports Integrity Committee’, driving an agenda on developing sports betting safeguards and protections. At present, Brazilian policymakers are assessing the regulatory frameworks propositioned by the government’s ‘draft decree’ on establishing a regulated land-based and digital sports betting marketplace. This summer, Brazilian authorities allowed diverse stakeholders …

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IBIA advises Brazil to rethink tax position & bolster integrity safeguards

The International Betting Integrity Association (IBIA) has published its official response to the Brazilian government’s ‘draft decree’ on developing a regulatory framework for fixed-odds betting services. Representing the integrity interests of multiple sports betting incumbents, the IBIA raises stakeholder concerns with decree provisions attached to taxation and the Brazilian government’s approach to tackling potential sports manipulations. “Our response focuses on …

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