Brazil sports betting regulations heading for Senate floor next week

Brazil sports betting regulations heading for Senate floor next week

Article brief provided by SBC Americas
  • Charlie Horner, SBC Americas
November 16, 2023 8:07 PM
  • Charlie Horner, SBC Americas

The process for regulating sports betting in Brazil could come to a successful close next week as draft regulations are set to hit the Senate floor on Tuesday.

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That’s according to Rodrigo Pacheco, the President of the Senate, who spoke once the draft regulations were approved by the Sports Commission after intervening to increase the license period from three to five years.

Further action will be taken next week, Pacheco stated, as the Economic Affairs Commission is penciled in to approve the regulations before they reach the floor of the upper chamber in the afternoon. A successful vote would bring to a close a long, arduous process to regulate sports betting in Brazil over the last five years.