Tag Archives: brazil

Dealmakers of the $300m acquisition of Meridian Bet Group by Golden Matrix Group (GMGI) expect the deal to be closed by the end of Q1 2024 trading. First announced on 12 January 2023, the deal’s forthcoming closure was detailed by the management of Meridian Bet via the publishing of a ‘corporate progress and pending acquisition report’. Following several amendments, Meridian …

A total 134 betting firms have now expressed interest in operating in Brazil, with the market looking set to become one of biggest in the world. Prior to the new law that was passed to regulate sports betting and online gaming, some interested gambling companies included; Kaizen Gaming (Betano), 1XBET, Meridianbet, Pixbet, Betfair, LeoVegas, Betway and Draftkings. Further operators also …

CONAR, Brazil’s advertising watchdog, has published ‘Annex X’ of “self-regulation rules” for betting advertising campaigns, needed for the launch of the country’s pending federal sports betting marketplace. Referred to as the National Advertising Self-Regulation Council, CONAR is a non-governmental body that oversees the standards and conduct of Brazil’s advertising code implemented across all media platforms. The publishing of Annex X …

President Luiz Inácio ‘Lula’ da Silva has signed Bill PL3626/23 into law, which will establish the regulatory framework for Brazil to launch its federal sports betting marketplace. Authorised by Lula on Saturday, December 30, the president’s endorsement completes the legislative process, steering clear of the 2022 impasse when former President Jair Bolsonaro withheld federal sign-off of sports betting. The Workers’ …

The International Betting Integrity Association (IBIA) has welcomed the adoption of the sports betting law by the Brazilian Chamber of Deputies.  Having been approved by legislators and now awaiting signature from President Lula da Silva, the law introduces an effective regulatory and licensing system for operators in the country for both sports betting and online casinos. This also includes a …

Brazil will launch a federal sports betting marketplace, which will include modalities to regulate online casino games. Yesterday, the final session of the Chamber of Deputies approved Bill PL3626/23 to be sent for its federal sign-off from President Lula da Silva.  Bill PL3626/23 was returned to the Chamber of Deputies on 13 December following an inconclusive review by the Senate, …

The Senate of Brazil has approved the ‘basic text’ of Bill 3626/2023, providing the foundations for the launch of a federal sports betting market. Yet, following further amendments, the Senate has ordered that the Bill be returned to the Chamber of Deputies for further analysis. The decision follows three critical considerations debated by the Senate yesterday afternoon ahead of its …

The Senate of Brazil has updated its weekly schedule, announcing that a vote on Bill 3,626/23 to regulate a federal sports betting marketplace will take place on Wednesday 6 December. The announcement was confirmed by the Senate’s gazette, declaring that the plenary session will vote on two federal laws on Wednesday, related to regulating sports betting and on working rights …

The final vote needed to approve the launch of Brazil’s federal sports betting marketplace has been postponed. The plenary of the Federal Senate was scheduled to vote on Bill 3,626/23 today (Wednesday, 29 November). However, last-minute deliberations see senators divided on the inclusion of online games (casino) incorporated in the bill’s text. Bargaining reportedly went down to the wire, but …

“There’s been a shift, but for the last year there has been a lot of insecurity within the operator space.” This began a recent deep-dive into the Brazilian and LatAm market in general as OKTO Commercial Director, Galina Bineva, adopted a Latin American focus during a recent sit down with SBC Media. Despite a plethora of global jurisdictions being on …