Brazil’s sports betting prospects have received a boost this week, as Minister of Finance Fernando Haddad assured federal stakeholders that he will soon present a ‘provisional tax framework’ for licensed businesses.

Speaking to media in Brasilia, Haddad stated confidence that the Finance Ministry would propose a ‘working framework’, to be showcased following “President Lula da Silva’s trip to China at the end of March”.

The announcement sees Haddad stand by his previous declaration that sports betting taxes were required to offset a desired “income tax exemption for workers who earn up to twice the minimum wage” – a campaign pledge endorsed by Lula.