Late last week Brazilian lawmakers approved an online gambling and sports betting bill that is now bound for President Lula da Silva's office. Once President da Silva signs off on the bill, an entirely new and extremely large new gambling market will open for operators and affiliates alike. Bill PL3626/23 has spent the last month…
Colorado Rapids winger Max Alves has been suspended from his team amidst allegations of match-fixing in his home country of Brazil. The Major League Soccer (MLS) star is the latest player from an American sports team to get wrapped up in a sports betting scandal in recent days, following the sorry paths of Alabama baseball…
Outgoing Brazilian president Jair Bolsonaro's is heading out the door without signing a bill that would legalize sports betting in the world's sixth-largest country. The former strong man's failure to act means that regulated sports betting will be kicked down the road to the next administration, which doesn't even take office until January. Brazil's gaming…
As Brazil inches closer to the implementation of a regulated sports betting market, the Brazilian government agency tasked with regulating that market is clarifying its vision for that market. This week, the Secretariat of Evaluation, Planning, Energy and Lottery (SECAP) published a draft version of the regulatory scheme that will ultimately govern the market. The…
With a population of 212 million people, Brazil is both the largest country in South America and, potentially, one of the biggest sports betting markets on the planet. Earlier this week, Secretariat of Evaluation, Planning, Energy and Lottery (SECAP), the agency tasked with regulating Brazil's gaming industry, released a proposed regulatory framework for sports betting…
Brazil's troubled interim government is considering a revenue raising option that most governments would dare risk; an online sports betting monopoly. It's a desperate move that would take the Brazilian online gambling marketing in exactly the opposite direction of the rest of the world. Brazilian lawmakers have been trying for years to wrangle enough support…
Regulated online gambling could be coming to one of the world's largest consumer markets if a bill under consideration by Brazilian lawmakers becomes a law. Late last week, members of the Special Committee on National Development (CEDN) spent a fair amount of time tinkering with SB 186/2014, a bill which would radically alter the gaming landscape of…
