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Brazilian Online Sports Betting Market In Jeopardy

15 Dec 2022

The future of authorised online sports betting in Brazil was put in question after exiting president Jair Bolsonaro refused to sign the legislation before it was due to expire on December 12. After years of effort, Brazil finally made the first step in legalising fixed-odds online sports betting with Federal Law No. 13,756/2018, which was passed by the Senate four years ago.

Past Drafts to Legalize Gambling in Brazil

The government was given two years to draft and approve regulations after this law was passed, with the possibility of an additional two-year extension. This meant that the actual deadline was 12 December 2022. The Secretariat of Evaluation, Planning, Energy, and Lottery (SECAP) eventually published the guidelines in May and included a B$22.2m (€4.2m) license fee.

As a result of the outgoing president's failure to sign the regulation, it appears that preparations for legalised sports betting in Brazil have been abandoned. Brazilian-based bookmakers will not be able to operate, while those with foreign licenses are likely to still be permitted.

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