Brazil’s proposed ban on sports betting advertising doesn’t sit well with professional soccer clubs. Teams expressed their opposition to the measure by sending a letter to the Senate, hoping to convince it not to include the ban in the final version of Brazil’s sports betting bill.

Under the ban, which is envisioned as a part of Brazil’s sports wagering legislation, operators will be unable to advertise across stadiums or sign sponsorship deals with teams. However, clubs argue that the ban would deprive them of a major revenue stream and may have an overall negative impact on the sector.

The soccer clubs’ letter was sent on November 10 and signed by a total of 33 teams. The letter outlines the organizations’ concerns about the measure. The signatories include many big local clubs.

Gambling sponsorships provide major sporting organizations with important funding that helps them maintain and expand their operations.

Brazil Sports Betting Continues to Get Delayed

Brazil’s proposed ban is a part of the country’s sports betting bill. The ban was added as a proposed amendment and has been actively promoted by Senator Eduardo Girão who argues that advertising exposes people to harm. Other proponents of the ban also say that the measure will help Brazil tackle problem gambling and mitigate gambling-related crime.

The Senate is now responsible for deciding whether the ban proposal should be sent to the Chamber of Deputies. The discussions may very well lead to further delays to Brazil’s already long overdue sports betting legislation.

While the country is already on the path to legalizing wagering on sports, regulatory matters continue to stall the launch of a regulated market. While there were hints that progress is being made, the latest developments imply that it would be at least a few more months before Brazilians can wager legally.

Speaking of advertisements, in late October, Brazil published a comprehensive set of requirements for operators, which include the regulation of advertising near schools and universities. Operators are also prohibited from implying that gambling can lead to personal success or improved financial conditions. In addition, companies must promote responsible play.

In the meantime, gambling taxes remain another contentious subject. Earlier this year, the IBJR spoke out against the latest sports betting tax proposals.

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Betting on political events is a relatively new activity that has seen some popularity recently. Similar to sporting events, election market bets for political events can favor one candidate or another. In some cases, bettors can wager how far a candidate may go through a political campaign or when they may drop off. In sports, the expansion of betting across the US caused a great deal of concern, primarily related to the integrity of the competitions, especially when it comes to collegiate sports.

Now, a group of lawmakers raised concerns about the possibility of legal gambling on US elections in a recent letter addressed to the Commodity Futures Trading Commission (CFTC). The letter comes after back in June, a private predictions company called Kalshi, notified the Commission that it intends to offer “event contracts on the outcomes of US elections,” wrote the concerned lawmakers. This, in other words, means that the company seeks the approval of the CFTC to offer for-profit gambling on political outcomes.

For-Profit Gambling on Political Events Raises Concerns

In light of this, US Sen. Chris Van Hollen along with Sen. Jeff Merkley, Sen. Sheldon Whitehouse, Edward J. Markey, Elizabeth Warren and Dianne Feinstein, sent a letter to the CFTC, urging the Commission’s chairman, Rostin Behnam, to reject the request submitted by Kalshi.

“There is no doubt that the mass commodification of our democratic process would raise widespread concerns about the integrity of our electoral process,“

reads a letter sent by the lawmakers to the CFTC

In their letter, the lawmakers said that if the democratic process goes through commodification, concerns about the integrity of the process may come. The letter underlines that this would represent an activity that is in opposition to the public interest, which is why, they urged the CFTC to reject the request from the private predictions company.

“Such an outcome is in clear conflict with the public interest and would undermine confidence in our political process — we urge the CFTC to deny Kalshi’s proposal,“

explained the lawmakers in their letter

According to the lawmakers, approval of the proposal by Kalshi would bring statewide for-profit gambling on political outcomes, an activity that may interfere with the elections. The concerned group of lawmakers also added that such for-profit activities may negatively impact the trust in the integrity of the elections in the United States. At the same time, the lawmakers warned that wealthy groups can abuse that process and impact the outcomes of what is otherwise a democratic election process.

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