The police force is concerned about potential money laundering Brazil’s federal police are actively opposing a bill that aims to legalize land-based casinos, bingo halls, and retail sports betting, raising concerns over potential risks of money laundering. The police force submitted a formal document to the Ministry of Justice and Public Security, highlighting the dangers
Tag: brazil
Gambling Could Be Charged A ‘Sin Tax’ In Brazil Under New Legislation
A bill could alter the tax rates for both operators and players Brazil is considering new legislation that could impose a “sin tax” on sports betting, online gambling, and fantasy sports, treating them similarly to goods like alcohol and cigarettes. This proposal is part of a broader federal tax reform effort, as outlined in a
Brazil Postpones Further Casino Discussions Until Next Year
The country’s Senate continues to prolong a debate that began years ago The Brazilian Senate has delayed voting on a bill aimed at legalizing casinos and other gambling activities, pushing the discussion to 2025. Known as the Casinos PL (PL 2,234/2022), the proposal seeks to regulate casinos, bingo halls, and horse race betting, but it
Brazilian Series of Poker Millions Championship Now in the Books
Marcos Kenne earned his first title in what proved to be a banner poker tournament The Brazilian Series of Poker (BSOP) Millions Championship has concluded, with Marcos Kenne claiming his first major poker title and a $369,000 payday. The tournament, held in São Paulo, attracted 503 entries and showcased Kenne’s dominance, particularly at the final
Brazil’s Supreme Court Enters Gambling Discussion, Bans Some Forms of Advertising
Brazil’s upcoming launch of online gambling and sports betting continues to see more restrictions Brazil’s Federal Supreme Court (STF) has fast-tracked measures aimed at addressing the social and financial consequences of gambling. On November 14, the court unanimously approved an emergency injunction from Minister Luiz Fux, implementing stricter regulations, including banning the use of Bolsa
World Poker Federation Taps Leonardo Cavarge as New CEO
The Brazilian poker champion and financial expert will help the poker organization expand Leonardo Cavarge has been appointed as the new CEO of the World Poker Federation (WPF), marking a significant step for the organization. The WPF, an entity that unites various companies in the poker industry, aims to promote the sport’s integrity and expand
Brazil Lawmaker Optimistic on Casino Bill
Senator Silvestre is confident Brazil will make progress on legalized casinos before the end of the year Brazilian Senator Irajá Silvestre is expressing optimism about the future of casino legalization in Brazil, sharing that the Senate may vote on a bill later this year to allow casinos in integrated resorts. As rapporteur for the legislation,
Brazil’s Gambling Legalization Efforts Hit a Speedbump
The Rio de Janeiro state lottery has sued the government over its move gambling legalization efforts Brazil’s path toward fully regulated gambling hit an obstacle this week with the filing of a lawsuit aimed at slowing the government’s licensing process. The lawsuit, filed in the 13th Federal Civil Court of the Federal District, demands a
Brazil Once Again Postpones Land-Based Casino Discussion
Legislators have decided to postpone the discussion due to the country’s political climate Brazil has once again delayed the vote on legalizing land-based casinos, along with other forms of gambling such as jogo de bicho and horse racing betting. The discussion has been postponed before, with an August vote originally expected. After the municipal elections
Brazil Continues To Make Gambling Legalization More Difficult
The government will scrutinize the possibility of iGaming following rumors of organized crime involvement Brazil is making it increasingly difficult to legalize gambling, with new inquiries and scandals raising concerns about the potential risks. A parliamentary commission has been formed to investigate possible links between online gambling and criminal organizations involved in money laundering. This
Brazil Cracking down on Operators Ahead of Legal Gambling Launch
The country is giving non-licensed operators until October 1 to shut down or face the consequences Brazil is stepping up efforts to regulate its expanding betting market by targeting operators without proper authorization. Starting October 1, betting companies that haven’t applied for a license will be forced to suspend their operations. This move is part
Brazil’s Gambling Market Could Include Complete Credit Card Ban
Federal lawmakers and banking officials are pushing for a ban on the use of credit cards for gambling Brazil’s gambling market could soon face significant changes, as the Brazilian banking federation has pushed for an early ban on credit card use in online gambling. Isaac Sidney, president of Febraban, has called for the restriction to