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Brazil approves 68 firms for new sports betting market launching January 1 Sports betting BrazilThe Ministry of Finance in Brazil has announced that 68 companies have successfully completed the licensing process to participate in the newly established sports betting market, Brazil Bets, which officially launched on January 1, 2025.January 3, 2025 -
Genius Sports and EstrelaBet: three vital pillars for safeguarding Brazilian sports Genius Sports Brazil“Match-fixing is a huge issue, not only for the sports side of the business but also for sportsbooks,” Guilherme Buso, VP for Brazil at global sportstech firm Genius Sports stressed in a recent press conference.October 9, 2024 -
Brazilians spent BRL 54 billion on sports betting in 11 months of 2023 Market analysis BrazilBrazilian residents placed BRL54 billion ($10.93 billion) in bets with offshore bookmakers between January 1 and November 30, 2023. Folha de São Paulo writes about this, citing data from the Central Bank of the Latin American state.January 21, 2024 -
Brazilian President signs a law on sports betting and online gambling Regulation BrazilBrazilian President Lula da Silva recently signed a law regulating sports betting and online gambling.January 2, 2024
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Sports betting and online gambling bill approved by Brazil’s chamber of deputies Regulation BrazilThe Brazilian Chamber of Deputies last week gave final approval to the bill on sports betting and online gambling. The document reentered the lower house of parliament after a number of amendments by the Senate.December 24, 2023 -
Brazilian Senate passes sports betting bill Regulation BrazilBrazilian Senate passed a bill on sports betting. A number of amendments were made to the document previously approved by the House of Representatives. In this regard, the document was returned to the House of Representatives for a new vote.December 14, 2023
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Vote on Brazil sports betting bill postponed to 12 December Regulation BrazilIn Brazil, the vote on a bill to legalize sports betting has again been postponed. Initially, the document was planned to be considered in the Senate on November 29, but the vote did not take place due to more than 100 amendments to the document. The new date for voting on the draft law was set on December 5, but on that day there was no quorum to consider the law.December 6, 2023 -
Brazil Senate postpones vote on sports betting bill Regulation BrazilThe Brazilian Senate has postponed a vote on a bill legalizing sports betting. It was scheduled for November 29, but did not take place due to more than 100 amendments to the document. The greatest controversy was caused by the proposal to legalize online casinos.November 29, 2023
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Tax on sports betting in Brazil is proposed to be reduced to 12% Regulation BrazilThe tax rate on income from betting in Brazil may be reduced to 12%. The corresponding bill is under consideration in the Senate of the South American state.November 21, 2023
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Brazil Ministry of Finance publishes rules for sports betting Regulation BrazilOn October 27, the Brazilian Ministry of Finance published in the official gazette rules regulating the commercial activities of sports betting. The resolution came into force from the moment of publication. The document includes general rules for betting operators, players and bookmakers. It also regulates anti-money laundering and introduces the concept of responsible gaming.October 28, 2023
