Brazil’s Finance Ministry gives a boost to casino legislation

The backing could signal renewed positive momentum for the bill The long-awaited legalization of casinos in Brazil might be edging closer to reality. A recent meeting between Senator Irajá Silvestre, Rapporteur of the Constitution and Justice Commission (CCJ), and Finance Minister Fernando Haddad has yielded significant support for Bill 2,234/22, which proposes legalizing and regulating

Chance Kornuth picks up fourth WSOP bracelet

Kornuth took down the $1,000 FLIP & GO No-Limit Hold’em for $155,000 The 2024 World Series of Poker (WSOP) continues to crown champions, and this time it’s Chance Kornuth adding another prestigious WSOP bracelet to his collection. The 38-year-old poker pro emerged victorious in Event #85: $1,000 FLIP & GO No-Limit Hold’em, outlasting a field

WPT League Kurt McPhail passes unexpectedly

The long-time WPT representative had been involved heavily in its success The poker community is mourning the loss of one of its most esteemed members, Kurt McPhail, who passed away unexpectedly on Wednesday. McPhail, a revered figure in the world of poker, was best known for founding the World Poker Tour (WPT) League in 2007,

DOJ orders Binance to remain under regulatory review for three years

Binance will be closely monitored to ensure it complies with financial regulations The Department of Justice (DOJ) has mandated that Binance, the world’s largest cryptocurrency exchange, remain under regulatory review by the Forensic Risk Alliance (FRA) for a period of three years. This directive follows a series of investigations that revealed Binance’s involvement in anti-money

Brazil to impose 15% tax on online gaming winnings

The tax rate has been confirmed through new legislation and federal regulations The Federal Revenue Service (RFB) of Brazil has introduced the tax framework for online gambling winnings ahead of the highly anticipated launch of the country’s regulated Bets market. Projected to be the biggest markets in Latin America, the final outcome could be decided

Financial payment processor Block launches new self-custody crypto wallet

The Jack Dorsey-backed company wants to make it easier for crypto fans to control their funds Block financial payment processor, co-founded by Jack Dorsey, has launched its self-custody Bitcoin wallet, meaning users who misplace their “Bitkey” wallet won’t need to enter a seed phrase to retrieve funds. In the December 7 announcement, developers said the

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