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In February 2020, SECAP launched a third consultation on fixed- odds sports betting. Most of the discussion so far has been over the number of licenses which could be handed out. Te government is heading towards a new concession regulatory model.


regulate it or each state could use the decision to draw up its own gambling regulations.


Speaking to the Brazilian Senate News Agency Senator Angelo Coronel, who is in favour of the liberation of the market, emphasised the possible significance of the STF’s decision.


case before the court for discussion arguing that the issue meets with this requirement. Consideration of this issue should have taken place in April, but it has been delayed as the court did not have time to consider the matter. Unlike in Congress the issue will be judged solely only on its legal merits. Te court’s decision could have potentially huge ramifications. If the court decides that the decree is unconstitutional, gambling will not be a misdemeanour anymore. A new decree could


“If it is a favourable decision, it opens the way for Congress to regulate gambling. We will finally adapt to the rest of the planet, we will not continue to be an exception for not having legalised games. Te government will have access to a new source of funds through sector taxation, which can be used to finance social policies.”


CHANGES TO SPORTS BETTING RULES


A major shift is on the way with the long awaited launch of sports betting in Brazil. Online and land-based sports betting was


permitted by the federal government in December 2018 via Law No. 13,758/18. Sports betting was categorised as a lottery and is covered by Articles 29 to 35, which would be regulated within a new framework that would be presented by the government by decree.


Te law only covers sports betting in generalised terms. Indeed the bill, Provisional Measure 846/18, deals mainly with how lottery funds are distributed giving more priority to National Security. A much larger proportion of resources operated by CAIXA will be earmarked for public security while the bill seeks to raise additional income for the government by green lighting sports betting and gives the Ministry of Finance just two years to get sports betting up and running (although this could be extended for a further two years).


Far more thorough regulations need to be established and the government has consulted with stakeholders extensively throughout the process. Ultimately, the conditions established via licence agreements combined with newly drafted regulations will tackle the aspects not currently covered in the regulatory Decree. Major points which for now remain unclear include penalties for non compliance, advertising rules, player protection measures and anti money laundering measures.


In February 2020, SECAP launched a third consultation on fixed-odds sports betting. Most of the discussion so far has been over the number of licences that could be handed out. Te government is heading towards a new concession regulatory model. Arguably this would give the government more control and facilitate oversight over the industry. Te tax rate could stand at the very high end namely a three per cent turnover tax, but there is evidence that the government could move towards the GGR taxation model.


WIRE / PULSE / INSIGHT / REPORTS P75


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