President Lula Inacio Da Silva has signed Brazil’s sports betting bill, enshrining a regulatory framework into Brazilian federal law after years of delays.
The president’s endorsement completes the legislative process, righting the wrongs of the 2022 impasse when former President Jair Bolsonaro refused to put pen to paper on a previous sports betting framework.
Several rounds of amendments have been made to the bill as lawmakers compromise on a range of issues such as tax, advertising and the status of online casino.
In the upper chamber of Brazil’s legislature, senators disputed the authorization of online casino gaming, with the Liberal Party the primary source of opposition.
