Tag Archives: Caixa Econômica Federal

Outgoing Brazil president signs sports betting bill

Sportradar - Copyright: believeinme33 / 123RF Stock Photo

Brazil President Michel Temer has signed MP 846 to formally legalise both online and land-based sports betting in the country. MP 846 was primarily focused on the distribution of proceeds from Brazil’s national lottery – operated by Ministry of Finance-controlled Caixa Econômica Federal, but also included plans that gave the green light to regulated sports betting. Its case was helped …

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Brazil closes on regulated betting after record MP 846 approval

Sportradar - Copyright: believeinme33 / 123RF Stock Photo

Brazil has taken another step towards legal and regulated sports betting after the country’s Senate voted in favour of MP 846. Brazil’s upper legislative body passed the bill, which details the allocation of lottery revenue to public security as well as allowing for online sports betting, less than 24 hours after the Lower House had done the same. It now …

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