Location: Brazil
Brazil’s finance ministry expects sports betting to increase competitiveness
The Brazilian Congress is set to discuss the provisional measure (MP) that will regulate the land-based and online sports betting markets... more
Brazil’s sports minister backs 16% GGR tax rate
Brazil’s government is yet to settle on the final criteria of its pending tax framework for a federal sports betting regime. As reported by... more
Brazil faces stand-off over sports betting income rights
Addressing London’s LIDE ‘Brazil Business Leaders’ Conference on 21 April, Senate President Rodrigo Pacheco underscored the fiscal... more
Brazil plans to tax revenue from sports betting firms at 15%
Brazil’s Finance Ministry is expected to levy a 15% tax on the revenue of sports betting companies, in addition to requiring a fee of... more
Football Confederation of Brazil seeks 4% betting fee for football rights
CBF, the Football Confederation of Brazil, has demanded that the government guarantee a larger share of revenues generated from a federally... more
Brazil’s finance minister seeks definitive tax terms for sports betting
Brazil’s sports betting prospects have received a boost this week, as Minister of Finance Fernando Haddad assured federal stakeholders that... more
New Brazil sports integrity body forms in wake of betting scandals
A consortium of organisations with a stake in Brazilian sports betting have announced the formation of a new non-profit Brazilian sports... more
Brazil to require online sports betting firms to be based in the country
Brazil will require sports betting companies operating in the country to also be headquartered in Brazil, in addition to creating oversight... more
Brazil to tax online sports betting, says finance minister
Brazil plans to start taxing sports betting and will propose the measure as early as this month, Finance Minister Fernando Haddad said on... more
Another state launches ‘sportsbook pilot’ as Brazil sees no path to national regime
Minas Gerais has become the latest Brazilian state to outline its commitment to launching an online gambling and sports betting regime.... more
