CBF, the Football Confederation of Brazil, has demanded that the government guarantee a larger share of revenues generated from a federally sanctioned sports betting regime.
The CBF has issued its formal proposal that a ‘betting regime guarantee 4% share of gross revenues to be distributed across its football leagues’.
As such, the governing body of pro-football in Brazil seeks to change its previous funding arrangement, which stood at 1.63% of net revenues agreed under Law 13,756/18, approved in 2018.
The move is likely to clash with the plans of the Ministry of Finance, which is currently tasked with redrafting Brazil’s sports betting regime for another attempt at a federal sign-off.
