Arthur Lira, the President of Brazil’s Chamber of Deputies, has intervened in the process of regulating a federal sports betting regime. Representing the Lower House of Brazil, Lira has demanded that the government’s “provisional measure” to regulate sports betting be converted into a federal bill.
Last week, Brazilian ministries received a “provisional measure” drafted by the Ministry of Finance, which outlined the government’s planned regulations for a fixed-odds sports betting market.
The provisional measure, pending President Lula da Silva‘s approval, proposed settlements on taxation and market safeguards, as well as the authorisation for the creation of a “special secretariat” responsible for monitoring Brazilian sports betting.
