A new era for the Brazilian gambling industry

14 Dec 2018

Brazilian gamblingBetter days are ahead of the Brazilian gambling industry, since the first and the most important step for sports betting to be legislated has been taken. The country’s President signed the sports betting legislation into law. The aim is to give more power at the local bookmakers and that may be understood by the fact that the international bookies were left out of the legislation. According to the legislation, there will be a focus on a revised distribution regarding the national lottery, but there will also be a language authorizing for online and land-based sports betting.

Mr Temer is going to be the President for 3 more weeks and at the ceremony for the signing of the new legislation was accompanied by the ministers of sports, culture, public security and human rights. All the above departments will have a say in this new situation. Now it is up to the Ministry of Finance to craft the sports betting regulations and the regulated environment in which the operators will have to make their move. This should be concluded within the next two years, although this may be extended in two more years.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

Kaizen Gaming’s online bookmaker Betano has finalised a deal with the Romanian Football Federation, which allows it to become the naming partner...

Read more »

The online sportsbook Vbet has extended the partnership with AS Monaco for three more years until 2025. The deal, which began in 2020, will allow the ...

Read more »

The Ministry of Culture and Gender Equality in Norway has begun consultations to introduce a new Gambling Act to replace the Lottery Act, the Totaliza...

Read more »

The online gaming giant Entain, the owner of brands like Interwetten, has won the Advanced Safer Gambling Standard award by GamCare for providing play...

Read more »

One of the pioneers of online betting, Interwetten, has signed a new regional long-term sponsorship deal with English football giants Liverpool FC. Fa...

Read more »

The global online sportsbook 1xBet recently paid out some big winnings. A bettor from Yaounde, Cameroon, signed up with the bookie and placed a 12 eve...

Read more »

The international online sportsbook NetBet has added Apple Pay as a payment option for French players giving locals another top-notch method for depos...

Read more »

The online gambling operator Kindred Group, which incorporates several brands like Unibet, has announced that it will further contribute to the mental...

Read more »

The Treasury of Kenya has published the 2022 Finance Bill, which re-introduces the controversial 20% tax rate on wagering stakes. Despite the protests...

Read more »

The international gaming operator Vbet has joined the International Betting Integrity Association (IBIA), adding to the platform’s global integr...

Read more »

LATEST BOOKMAKER PROMOTIONS