The Brazilian Congress is set to discuss the provisional measure (MP) that will regulate the land-based and online sports betting markets soon. The approval will arrive once the proposal is reviewed by the Ministries of Finance, Justice and Sports.
In a conversation with SBC Notícias Brasil, José Francisco Manssur, Special Advisor to the Executive Secretary of the Ministry of Finance of Brazil, discussed which topics are included in the MP and what will be the next steps to have a regulated industry in the country.
As Manssur explained, Law 13,756/2018 legalized fixed-odds betting in Brazil. Initially, the country had two years to regulate the industry, with the possibility to extend that period for another two years.
