Tag Archives: MP 846

Brazil opens consultation on vague betting mandate

The Brazilian government could potentially fast track legislation for regulating fixed odds betting, as Brazil’s Economic Ministry sanctions a month-long public consultation to seek guidance on regulating wagering services. Sanctioned this week, Brazil’s Economic Ministry is reviewing legislative provisions attached to the conditionally approved ‘bill MP-846’, which aims to establish a federal gambling framework for Brazilian online and land-based gambling. …

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Sportradar prepares for Brazil’s online betting boom

Sportradar - Copyright: believeinme33 / 123RF Stock Photo

Lorenzo Caci, Director of Business Development and Strategic Partnerships at Sportradar, admitted that “retail is still king” for sports betting in Latin America (LatAm), but suggested that the potential for online penetration – particularly in countries such as Brazil – could end up tilting the balance. Caci said that while users generally have more trust in the idea of going to …

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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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