Brazil Publishes Final Sports Betting Regulations
Official Launch Inches Closer
Key Details Unveiled
With less than five months until the anticipated launch date of the legal betting market in Brazil, the final gambling regulations have been published.
Brazil's President Luiz Inacio Lula da Silva has now made regulation in Brazil official, ratifying a new regulatory framework for sports.
The final three ordinances were published 24 hours after two further regulations on and tax allocations, with earlier rules having already addressed the licensing.
Plans to implement fixed-odds betting in Brazil will take place in four stages ending in July 2024, representing the first step towards a fully regulated market.
Regulated Brazilian gambling has inched a step closer to fruition as the Ministry of Finance announced the timeline for the implementation of fixed-odds betting.
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