On July 12, 2024, the Brazilian Ministry of Finance’s Secretariat of Prizes and Betting issued Ordinance No. 1,143, setting new regulations for fixed-odds betting operators to prevent money laundering, terrorism financing, and the proliferation of weapons of mass destruction (AML/FTP). These rules mandate that all betting operators in Brazil must implement stringent internal controls and risk assessment matrices for gamblers, betting operators, and their employees, accounting for the volume of funds in both virtual and real-world betting.

Key Requirements for Compliance

The ordinance outlines several critical procedures that operators must adopt to ensure compliance:

1. Identity Verification: Operators must verify and validate the identities of gamblers and platform users during registration. This includes:
   • Collecting necessary registration data as specified by the Secretariat of Prizes and Betting.
   • Determining whether a gambler or platform user is a politically exposed person (PEP).
   • Assessing the compatibility between a gambler’s financial capacity and their betting activities.
2. Monitoring and Reporting: Operators are required to monitor, select, and analyze bets and transactions to identify potential money laundering or related offenses. Any suspicious activities must be reported to the Financial Activities Control Council (COAF).
3. Record Keeping: Operators must maintain updated records and documents, which must be validated and stored for a minimum of five years.

Although the ordinance took effect immediately upon publication, the Secretariat of Prizes and Betting will start inspecting, monitoring, and penalizing non-compliance from January 1, 2025. The Ministry of Finance has indicated that six additional ordinances will be published by the end of July to further regulate Brazil’s fixed-odds betting market.

Challenges and Compliance Timeline

All betting operators seeking a license in Brazil must comply with the new AML rules by the end of 2024. The ordinance is part of Brazil’s comprehensive four-stage regulatory process aimed at finalizing regulations for the betting and gaming industry. The first stage, which was published in May, covered technical, payment, and security requirements. The current AML ordinance represents the second key development, with additional regulations on technical and security standards for online gaming and advertising monitoring expected soon.

The process, however, is slightly behind schedule. The Ministry of Finance originally planned to release the AML rules in May, but they were delayed until July. Operators must secure their licenses by the end of 2024 to avoid penalties starting January 1, 2025.

Implications for the Industry

The introduction of these AML rules is crucial as Brazil prepares to fully regulate its betting and gaming market. Currently, only two groups, Superbet and Betano, have applied for licenses. The high compliance costs and stringent regulations might be deterring other operators from entering the market. However, industry experts anticipate a surge in applications once all regulations are clarified.

Authorized operators will be granted a five-year license upon payment of a BRL30 million fee. These operators will be able to offer gambling services through three skins. The clarity provided by the new regulations is expected to attract more operators to the Brazilian market, ensuring a more structured and secure betting environment.

Brazil’s new AML regulations for fixed-odds betting operators mark a significant step towards a fully regulated betting market. By enforcing stringent compliance measures, Brazil aims to combat money laundering and other related crimes effectively. As the industry adapts to these changes, the expectation is for a more transparent and secure betting landscape, benefiting both operators and players.

Source:

Empresas interessadas em obter autorização para explorar apostas de quota fixa devem seguir regras de combate à lavagem de dinheiro, gov.br, July 12, 2024.

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Brazil’s Justice and Citizenship Commission (CCJ) has taken a significant step by approving a bill that legalizes casinos, bingo, jogo de bicho, and horserace betting. The bill, known as PL 2,234/2022, passed with 14 votes in favor and 12 against on June 19. Having been under consideration since 2022, it now advances to the Senate plenary for further voting, following its prior approval by Brazil’s chamber of deputies.

A Great Opportunity for Brazil

During the CCJ meeting, Senator Irajá highlighted the potential benefits of regulating betting and gaming in Brazil. He emphasized that this move represents a significant opportunity for the country, promising job creation, increased income, and enhanced tax revenues, which could be redirected toward essential sectors such as health, education, social services, and infrastructure.

“We can no longer lose this great opportunity that other competing countries have already understood and is seen to generate jobs, income and taxes, which will obviously be reversed into benefits for the Brazilian people in the most essential areas, such as health, education, social and infrastructure,” Irajá stated.

Regulations and Taxes

The bill sets forth specific regulations for various forms of gambling, including casinos, betting machines, bingo, and animal racing. It also introduces two new types of taxes: the Gaming and Betting Inspection Fee (Tafija) and the Economic Intervention Contribution levied on the marketing of games and betting (Cide-Jogos). Tafija would be paid quarterly, amounting to R$600,000 for casinos, R$300,000 for online gaming locations, and R$20,000 for bingo halls, Jogo de Bicho operators, and tourism companies. The Cide-Jogos tax rate would be set at 17% of gross revenue, with prizes over R$10,000 subject to a 20% income tax.

Casino Operations

Should the bill become law, casinos would be permitted in tourist centers or integrated leisure complexes, such as resorts and hotels with bars, meeting spaces, and a minimum of 100 rooms. Additionally, casinos could operate on boats and ships with at least 50 rooms, given certain river length parameters. There would be a limit of one casino per state and the Federal District, with São Paulo, allowed up to three casinos and Minas Gerais, Rio de Janeiro, Amazonas, and Pará up to two each. Each casino would be required to have a minimum paid-up share capital of R$100 million.

Bingo and Racing

The legislation also covers the legalization of bingo in card, electronic, and video formats. Each municipality could have one bingo house, with larger cities allowed one per 150,000 inhabitants. Licensed bingo houses could operate for 25 years, subject to renewal, and would need to provide proof of a minimum paid-up share capital of R$10 million.

For animal racing, the bill allows one legal racing entity per 700,000 inhabitants, except for Roraima, which would have a jogo do bicho operator due to its lower population. Bets on horseracing would be managed by Brazilian tourism entities accredited by the Ministry of Agriculture, which could also operate bingo and video bingo games within the same grounds as the races.

Protections and Enforcement

PL 2,234/2022 also proposes several measures to protect bettors. This includes a self-exclusion program called the National Registry of Prohibited Persons (Renapro), requiring venues to check if anyone attempting to enter a casino is registered. Additionally, the bill outlines the National Policy for the Protection of Players and Bettors, promoting honest conduct in gambling and discouraging compulsive behavior.

The bill introduces new criminal penalties for illegal gambling activities, with up to four years in prison for partaking in or advertising unlicensed games, doubled if minors are involved. Tampering with games or results could lead to up to seven years in prison, with penalties doubled if the victim is elderly, a minor, or registered with Renapro.

Legal and Economic Impact

Federal Supreme Court Minister Flávio Dino indicated that the Supreme Court might eventually need to rule on the constitutionality of this bill due to its potential interface with organized crime. The proposal aims to attract substantial investments, create millions of jobs, and generate significant annual revenue for Brazil.

Since President Luiz Inacio Lula da Silva approved Bill 3,626/2023 in December, which legalized sports betting and iGaming, Brazil has been moving rapidly towards establishing a regulated gaming industry. The Ministry of Finance expects sports betting and iGaming to be fully legal by the end of July, currently working on the regulatory policy for technical and security requirements for operators.

Source:

Legalization of casinos and bingos in Brazil could reach the Supreme Court, gamesbras.com, June 21, 2024.

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Brazil, one of the largest regulated iGaming markets in the world, has set new rules which ban the use of credit cards and crypto currencies for payments related to gambling and sports betting.

The new rules were published by the Regulatory Policy of the Prizes and Betting Secretariat and the Ministry of Finance on 18 April in the national Official Diary of the Union, in the form of Normative Ordinance Number 615.

This new set of rules represents the beginning of the first stage of a four-part regulatory campaign that was presented last week by the country’s Ministry of Finance. This campaign will ultimately implement Bill 3,626, which was ratified by the Brazilian president in December 2023. The first stage is expected to be completed by the end of April and it will establish new rules regarding payments, technical aspects and security regulations.

Normative Ordinance Number 615 has established several new rules, with the first and most important being that iGaming operators in Brazil can no longer accept payments from credit cards, payments in crypto currencies or in cash. Moreover, payments in the form of payment slips or cheques are also prohibited.

All bets, withdrawals and payouts can be executed only through electronic transfers between the operators and their customers’ accounts. Moreover, the respective accounts have to be previously authorized by the Central Bank of Brazil. Operators will also have the obligation to deny payments from accounts not registered with the respective customer or from third parties.

Intermediaries between players and operators are strictly prohibited, but certain institutions authorized by the Central Bank are allowed to offer accounts on behalf of iGaming operators in some situations, for example to allow players to receive a prize that they won.

Winning Bets Paid Out in Less Than 2 Hours

Normative Ordinance Number 615 has also set a time limit for receiving prize payments on winning bets, operators must deliver that into the player’s account in at most 120 minutes.

The new rules also obligate operators to set up a virtual account for players in which they will be able to analyze details regarding their betting habits. This is expected to allow players to have a better understanding of their financial and betting information and make better decisions when it comes to managing their gameplay.

The respective virtual accounts will display the respective player’s betting history over the previous three years, with key aspects such as the total value of open bets and their financial balance on display.

Operators will also be in charge of managing their liquidity risk, including establishing a financial reserve of at least 5 million Brazilian Real, which would convert in around 950,000 U.S. dollars.

Source: “Credit cards and crypto banned under Brazil payment rules“. iGaming Business. April 18, 2024.

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Brazil’s Ministry of Finance has achieved significant progress toward regulating its burgeoning gambling industry by introducing the Secretariat for Prizes and Betting (SPA). This strategic move is part of a broader governmental initiative to enhance control and bring legal oversight to the rapidly evolving landscape of gambling within the country’s borders.

A New Regulator for a New Age

This regulatory drive finds legislative backing in Law No. 14,790 of 2023. Enacted by President Luiz Inácio Lula da Silva, this law addresses fixed-odds betting intricacies and introduces significant changes to existing laws. It delineates taxation criteria, outlines rules for commercial exploitation, defines revenue distribution mechanisms, and establishes sanctions.

The focal point of SPA’s mandate is efficient regulation of the fixed-odds sports betting market, encompassing sports betting and online gambling. The secretariat will also actively manage processes related to lotteries and commercial promotions, working in tandem with broader anti-money laundering initiatives. Furthermore, SPA will establish and enforce responsible gambling policies safeguarding vulnerable groups, especially minors.

The new Secretariat will also carry out actions to detect and prevent money laundering, as well as monitoring the market, aiming to establish responsible gambling policies.

Brazil Ministry of Finance statement

Within the larger organizational framework, the Ministry of Finance will host eight secretariats, with SPA emerging as a pivotal player. Structurally, SPA will operate through three key sub-divisions: Authorization, Monitoring and Inspection, and Sanctioning Action. The collective effort will involve 38 dedicated professionals who will dedicate their efforts to creating a safe and sustainable market.

Enforcement Effectiveness Remains Paramount

The enactment of Law No. 14,790 marks a critical milestone, filling a regulatory void that persisted for years. Despite the legalization of fixed-odds betting in 2018, the absence of specific inspection and taxation rules left the sector operating without proper oversight, exposing stakeholders to potential scams and fraud. This advancement will ensure such domains receive the necessary transparency, remaining subject to comprehensive oversight.

In a collaborative effort, SPA’s activities will align with the Ministry of Sport, particularly in matters related to sports integrity. This collaboration extends to monitoring result manipulation in sporting events and overseeing transfers involving athletes, clubs, and sports management bodies. Such efforts should increase fan engagement and prevent controversies from tarnishing the country’s sports reputation.

As Brazil takes this proactive step in instituting the Prizes and Betting Secretariat, the country’s gambling landscape will undergo a transformative journey. The dedicated focus on transparency, responsible gambling practices, and effective oversight aims to create a secure and regulated environment for operators, bettors, and other stakeholders. With SPA at the helm, Brazil ventures into a new era of regulated and accountable gambling practices.

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Brazil’s journey towards a regulated sports betting landscape finally passed one of its final milestones as President Luiz Inácio ‘Lula’ da Silva signed off Bill PL3626/23, setting the groundwork for its federal sports wagering and iGaming market. Only a few final regulations stand before the industry’s official launch, which should hopefully happen sometime in 2024.

The New Legislation Had a Difficult Journey

Published in a special edition of the government’s ‘Diário Oficial da União,’ President Lula signed Bill PL3626/23 into law, heralding a new era with a regulatory regime for sports betting, popularly known as ‘Bets.’ The President’s stamp of approval on 30 December marked the culmination of a grueling legislative process marked by disagreement and controversy.

The Workers’ Party (PT) government meticulously revised the new bill, which underwent extensive evaluation in Brazil’s Senate Committees since September. The proposed legislation underwent over 100 amendments before gaining federal approval, highlighting the government’s commitment to delivering a comprehensive and efficient regulatory system that is up-to-date with current industry trends.

This critical bill encountered a stalemate over the authorization of online casino operations. However, a final session on 22 December saw the Chamber of Deputies vote overwhelmingly in favor of the legislation (261 in favor and 120 against), greenlighting the legislative framework for iGaming in the country.

A Few Final Hurdles Remain

Despite President Lula’s general endorsement of the new bill, he introduced vetoes on several aspects of the legislation, notably regarding tax exemptions for betting prizes up to BRL 2,112 ($432). The National Congress will examine these objections and decide whether to validate or overrule the vetoes.

Taxation was another contentious topic. The bill’s final draft envisions a 12% tax on licensed operators while taxing player prizes at 15%. Businesses eyeing a five-year federal license, allowing operation under three brands, must pay BRL 30 million ($6.13 million) and meet stringent eligibility criteria. The extra funds will bolster the government’s sports, education, and community-focused initiatives.

Brazil’s Ministry of Finance has reported an overwhelming response from 134 businesses expressing interest in joining Brazil’s burgeoning online gambling market, indicating substantial anticipation and momentum in the sector. While the new legislation is a significant milestone for the country, the local regulator must remain proactive to ensure a fair and sustainable business environment prioritizing customer safety.

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Premium games provider with a focus on offering recreational bettors a portfolio of household games that are easy to understand, BetGames, has designed a bespoke version of Skyward, the first game in the high-energy Crash series with “exciting gameplay and convenient auto-betting and cash-out features.”

The new game variant is ready for launch in Brazil with the help of leading digital sports betting operator Betano. The agreement is expected to further strengthen the relations between the two parties while helping Betano reinforce its foothold in the emerging market in the country. 

Adapted Game Features for Brazilians 

The bespoke game lets players from Brazil enjoy a series of adapted features including localized animations that perfectly meet their requirements and help them enjoy highly immersive gameplay experiences.

With the help of a series of game augmentation solutions, BetGames has managed to successfully eliminate specific problems like access to limited internet connections while answering players’ needs for low data consumption. 

Gameplay stability, long wait times, and other similar challenges related to infrastructure should, therefore, not represent a problem for players in the country. 

Players are invited to embark on a mesmerizing adventure on a plane in the game that boasts a visually appealing design set against the aerial backdrop.

No matter their level of training or expertise, all bettors can enjoy the smooth and exciting gameplay thanks to the simplistic format. The braver and more patient would-be aviators prove to be, the greater the rewards coming their way. 

The bespoke game features a maximum multiplier set at x100,000. In July, PartyCasino announced it would boost its live and betting games portfolio with a new BetGames partnership. 

BetGames, “Excited to Bring Skyward to Betano”

Commenting on the new development, BetGames’ chief product officer, Ian Catchick, took the opportunity to express excitement for bringing Skyward to Betano and enabling their players to “experience a dedicated and localized edition” of their pioneer crash game, which has already been given a warm welcome on a global level since its release in November. 

Catchick further explained the game is expected to freshen up BetGames’ expanding portfolio of games with “a new level of excitement and engagement” while paving the way to more lucrative partnerships in the market.

The Skyward variant for Brazilians is a new addition to a series of important projects that Betano’s parent company, Kaizen Gaming, has tasked BetGames with, making use of its growing reputation to create bespoke content for gaming operators.

At the same time, Kaizen Gaming’s head of Live Casino, Christos Mavridis, explained that by adding the localized variant of the game to its portfolio, Betano has taken one more step toward its goal of offering “the most unforgettable sports betting and gaming experience” to its customers. At the end of November 2023, BetGames announced a similar branded Skyward agreement with Betway for African players.

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The leading provider of iGaming solutions, content and technology, powering online and land-based gambling operators, Bragg Gaming Group, announced a new partnership focused on the gambling sector in Brazil. On Thursday, the company revealed it joined forces with Superbet, agreeing to deliver its aggregation platform for the operator.

Besides going live with its aggregation platform, Bragg agreed to deliver third-party content for Superbet. In addition, the iGaming content and solutions supplier agreed to deliver titles from its proprietary portfolio, including games from its in-house studios, Indigo Magic and Atomic Slot Lab.

Ultimately, the new collaboration is expected to solidify Bragg’s presence in Brazil, a market that is estimated to hold significant potential. The announced deal comes ahead of the country’s much-anticipated gambling reform that may result in the regulation of online gambling, as well as online sports betting.

If lawmakers in the country continue their efforts, Brazil may become a major iGaming and betting market as early as 2024. Despite the efforts so far, earlier this month, Brazil’s Senate greenlighted sports betting but turned down online gambling after a majority of 37 members voted against iGaming and only 27 votes were in favor of the activity.

The Deal Brings Excitement to the Two Companies

Adam Shaw, Superbet’s chief revenue officer, spoke about the potential of the gambling sector in Brazil. He explained that once the market opens for licensed operators, the company anticipates offering supreme online gambling experiences. Finally, Shaw said: “Bragg’s aggregation platform supplies us with a diverse portfolio of proprietary and exclusive content as well as games from the industry’s most popular providers and we are thrilled to partner with them in Brazil.”

“We have already seen tremendous growth with Superbet through aggregation partnerships in several countries, and this Brazilian launch is another important milestone which throws a spotlight on Bragg’s position as a leading supplier in this fast-growing iGaming market.“

Matej Nemec, commercial director at Bragg Gaming Group

Matej Nemec, Bragg’s commercial director, revealed that the new collaboration with Superbet builds upon a successful business relationship between the two companies from several other markets. Moreover, he explained that the latest launch in Brazil strengthened Bragg’s position in the country and reaffirmed its role as a go-to supplier for the iGaming vertical.

Last but not least, Nemec pointed out: “We offer a wide portfolio of casino content that has already proven popular with local audiences in LatAm, and this partnership will further our ambitious growth plans for the region which will be a key focus for us in 2024.”

Previously, Bragg and Superbet collaborated for different markets across Europe. At the time, Bragg agreed to power the gaming operator’s brands in Belgium, as well as Serbia.

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Sports betting and online gambling may become a reality for Brazil as early as 2024 after an important decision taken by the country’s Chamber of Deputies. In a final voting session on Thursday, the Deputies voted to approve Bill 3,626/2023, a proposal that called for the regulation of sports betting, as announced by Agência Câmara de Notícias. Earlier this month, the same proposal was reviewed by the Senate. While Senate members approved the sports betting part of the bill, they voted against the included text related to online gambling activities. This pushed the bill once again into the hands of the Chamber of Deputies.

Regardless of the Senate’s decision, the latest vote reinstated the bill’s text that involved iGaming. This in other words helped overturn the decision made by the Senate, at least for the moment. Unlike the Senate vote, where a majority of the members were against online gambling, a majority of 261 of the Deputies voted in favor of online gambling. In contrast, the votes against iGaming on Thursday were only 120.

Thanks to the latest decision, Bill 3,626/2023 has gained further traction and now awaits final approval. The proposal that calls for the regulation of sports betting and online gambling activities now heads to President Luiz Inácio Lula da Silva. If the president signs off on the proposal, this would mark its final step before becoming law, effectively paving the way for legal iGaming and sports betting activities across Brazil.

Proposed Bill Sets Tax Rate, License Fees for Betting and iGaming Operators

Initially, the proposed bill offered an 18% tax on the revenues for betting and iGaming operators. However, undergoing significant changes, the latest proposal features a 12% tax on gambling revenue. On the other hand, bettors are also subject to a tax rate which is 15% on their winnings.

Similar to other betting and online gambling markets, operators in Brazil will be subject to a license fee. The license fee was set at BRL 30 million ($6.1 million), permitting operators to operate up to three brands for five years. When it comes to regulation of the gambling activities, the bill designated the country’s Ministry of Finance.

The traction gained by the gambling legislation comes at a time when earlier this week, the Chamber of Deputies voted in favor of a proposal that prohibited the promotion of unregulated gambling websites by social media influencers. That proposal, seeking to reduce the share of the black market, effectively prohibited influencers from promoting unregulated gambling activities through stories, videos or any form of online communication.

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Brazil continues to move forward with its sports betting legislation despite still experiencing setbacks. As the coming of wagering to the Latin American country seems around the corner, Brazil continues to revise its rules on advertising.

Two days ago, the Chamber of Deputies’ Communication Committee greenlit bill 3915/2023, which seeks to restrict the promotion of unlicensed gambling by influencers and digital celebrities. This proposal would mitigate the negative impact of the black market on younger players, lawmakers believe.

Since unlicensed gambling operators rarely offer a sufficient level of player protection to their players, Brazilian legislators believe that its promotion may lead to significant losses. This, paired with the influence digital celebrities have on younger audiences, may lead to higher problem gambling rates among the Brazilian youth.

The New Rules Envision Strict Sanctions for Violators

As a result, the new bill prohibits digital influencers from promoting unregulated gambling products and companies. The same rules apply to overseas entities that target the local market. It covers content on social media, video-sharing platforms, livestreaming services and other digital platforms.

Under Bill 3915/2023, Brazil will require many of the big digital media platforms, such as Facebook and TikTok to join forces with the local authorities and ensure that inappropriate content is reported and taken down.

The bill envisions fines for entities that violate its rules. Companies that breach these promotion restrictions risk fines of up to 2% of their revenue to a maximum of $10.2 million (converted to USD). Under the bill, online influencers also risk a permanent ban.

As mentioned, the bill was already given a go-ahead by the Chamber of Deputies’ Communication Committee. Now, it is up to the Finance and Taxation Commission to decide whether the bill would go to the Constitution and Justice Commission. If approved by the two entities, bill 3915/2023 will be eligible for further evaluation and plenary vote.

In the meantime, sports betting in Brazil continues to be delayed amid disagreements and calls for ambitious amendments. While the country is in the later stages of discussing betting legislation, its future remains uncertain.

This means bad news for Entain, which was just forced to shut down its dotcom operations in unregulated markets. While the DPA says that the company may request its exit date to be postponed if there are reasonable grounds to consider that the process of regulation will be completed within a reasonable time of the exit, Brazil’s slower pace when it comes to legislation may be a setback to the company.

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The Brazilian Senate has decided to postpone the vote on the bill that would regulate the gambling sector in the country for Tuesday 12 December after it had originally been scheduled to take place on 6 December.

The delay means that the bill has less and less chances of being fully approved this year. The vote was postponed due to a lack of quorum in the Brazilian Senate, the minimum number of senators needed to vote was not met and it was not possible for the vote to go ahead.

Bill 3,626 was approved by Brazil’s Economic Affairs Commission a couple of weeks ago and everybody expected the Senate to follow suit without too much hassle, but that has not been the case as the vote was first rescheduled to the 29^th of November as more than 100 amendments were added to the original bill.

Moreover, the delay was probably due to the fact that fifteen senators were unavailable for the vote as they were attending the United Nations Climate Summit in the United Arab Emirates. That summit is not over yet, it continues until early next week and the December 12 vote might be affected as well.

The vote on the gambling regulation bill requires a qualified quorum because the proposal does not benefit from consensus in the Senate. This means that if senators that are in favor of the legislative proposal can’t attend the vote, then the approval of the bill might be compromised.

If the December 12 vote is postponed as well, and that possibility seems quite likely, then the bill would probably not come into effect for a few months. That is because from 23 December until 2 February 2024 the Brazilian parliament will be in recess. That delay could have a big impact because if the bill is not approved by the end of 2023, the resources needed for its implementation cannot be included in the 2024 budget by the government.

If the Brazilian Senate would be able to approve the bill on Tuesday, then the matter would advance to the Chamber of Deputies, which would have to discuss the bill and the amendments before voting on it as well. But the Chamber of Deputies would have just over one week to decide on the bill before the recess.

Moving Closer

The Brazilian gaming industry stands firmly behind the bill and is hopeful that it would be approved sooner rather than later. Luiz Felipe Maia, founding partner of Brazilian law firm Maia Yoshiyasu Advogados, declared himself confident that regulation would be in place before too long and said that the country is getting “very close to the approval of the bill.” Maya also said that players would be the ones to benefit the most from the regulation.

The Brazilian government is counting on the bill to supplement the revenues for the state because it would impose a license fee for casino and betting operators which is expected to bring 30 million Brazilian Reais to the state coffers (around 6 million U.S. dollars). Moreover, the state expects to collect around 1.6 billion Brazilian Reais from taxes from the gambling sector.

Neil Montgomery, founder and managing partner of Brazilian law firm Montgomery & Associados, declared himself skeptical regarding the bill’s chances to be approved before the parliamentary recess. If the bill does get approved by the Chamber of Deputies, then it would have to receive one more final approval from the office of President Lula.

Source: “Brazil gambling regulation vote delayed to 12 December“. iGaming Business. December 7, 2023.

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