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On 30 December 2023, President Lula, with certain vetoes, enacted the Betting Law (Law nr. 14,790/23). This Law represents the final legal framework before the Ministry of Finance (“Regulator”) effectively regulates the fixed-odds betting market. Consequently, the regulatory structure for this market will be based on the following normative provisions:   The scope of the…

The House of Representatives approved Bill of Law 3626/23, known as the “Betting Bill of Law“. The Bill of Law, after being amended by the Federal Senate, returned to the House where it was approved with additional amendments. Consequently, the following provisions were established: Online games have been reinstated into the range of modalities encompassed…

Yesterday, 12 December, the Senate approved the Bill of Law 3626/23, commonly referred to as the “Betting Bill of Law“. The key modifications compared to the original text from the House of Representatives are as follows:   The taxation rate for betting operators has been set at 12% of Gross Gaming Revenue (GGR), a significant…

  According to the Ministry of Finance’s Normative Ordinance No. 1330/2023, the deadline to express interest in obtaining federal authorization for operating in Brazil’s fixed-odds betting market is set for 25 November 2023. Interested companies, whether national or international, have a window of opportunity to express their interest in order to ensure priority in the…

On 27 October 2023, Brazil’s Ministry of Finance (the “Regulator”) issued Normative Ordinance MF No. 1330/2023 (“the Ordinance”), outlining the foundational guidelines and norms for the operation of fixed-odds betting in Brazilian territory. The Ordinance in question specifically focuses on the rights and obligations of bettors, measures for preventing money laundering, adoption of responsible gambling,…

On 13 September 2023, Brazil’s House of Representatives introduced some relevant changes in the Brazilian betting landscape. Bill of Law nr. 3.626/23, which incorporates some rules outlined in Provisional Measure nr. 1.182/2023 concerning this subject and changes some provisions of the Federal Law nr. 13.756/2018, has been approved by the House of Representatives and will…

Udo Seckelmann[i] Pedro Heitor[ii] On 25 July 2023, Brazil’s President signed the Provisional Measure nr. 1.182/2023 (hereinafter the “MP”)[iii], which constitutes a ‘kickoff’ for the regulation of fixed-odds sports betting in Brazil. The MP’s focus is to amend some provisions of the Federal Law nr. 13.756/2018, which legalized fixed-odds sports betting in Brazil and permitted…

On 02/05/2022, Games Magazine Brazil had access to the 3rd draft of the decree issued by the Ministry of Economy that will regulate fixed-odds sports betting in Brazil, as per article 29 of the Federal Law nr. 13.756/2018. If the draft is not amended, it is expected to be sanctioned by the president this month.…

  On 24 February 2022, the Chamber of Deputies approved, by 246 votes to 202, the Bill of Law 442/1991, which legalizes various types of gambling and betting in Brazil. In short, the proposal authorizes the practice and exploitation in Brazil of: Casino games; Bingo games; Jogo do Bicho (“Animal game”); Online games; and Horse-race…

Udo Seckelmann[i]   Introduction   With a population of 210 million with a considerable propensity for gambling and a huge sporting culture, a lot of international operators are looking the Brazilian market as a great opportunity for profit. Nonetheless, bringing a sports betting operation to Brazil is not as simple as one might think. There…