Online betting in Brazil has grown in prominence in recent years, fueled by easy access and the wide range of options offered by many platforms. At the end of 2023, Brazil’s Congress passed and the president signed the regulation of online betting in what became known as the “Bets Law.” However, betting’s growing popularity raises questions about the precautions needed ...
President Luiz Inácio Lula da Silva signed, with vetoes, the law governing sports betting and online casinos run by companies popularly known in Brazil as “bets.” The measure was made official in a supplementary edition of the Federal Official Gazette (Diário Oficial da União) last Saturday, December 30. Among Lula’s vetoes, the most notable struck provisions that would have reduced ...
In a crucial decision on Tuesday, December 12, Brazil’s Federal Senate approved a bill to regulate and tax the sports betting market, popularly known in Brazil as “bets.” The original bill, which included taxing virtual games of chance such as online casinos, was amended by senators, resulting in a revised version that covers only wagers on “real events.” The bill ...