Brazil: What to expect from gaming regulation from 2023 onwards?
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Loading... - Horacis Ian
- 31 Mar 2023
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In this formidable text, presented exclusively for G&M News, by our experts Luiz Felipe Maia and Maria Luiza Kurban Jobim (Maia Yoshiyasu Advogados), the pros and cons of the current scenario of the gambling regulatory process in Brazil are considered. Issues such as fixed odds sports betting, the situation of the operators and providers, the integrity of sports, the burning political and legislative debate, and the future prospects of a regulation that has been long awaited, but which now seems closer than ever for the South American giant, are also evaluated here.
The year 2023 began with a new Government at the Federal level, and a series of doubts about the future of gaming regulation in Brazil. Although the new Administration is still in formation, some points are already certain, others develop despite Federal guidance, and, finally, there are those that still remain open, according to the still vague official pronouncements on the matter.
With regard to fixed odds sports betting (“Apostas de Quota Fixa”, AQFs) as a lottery modality, in December 2022, the legal deadline for its regulation at the Federal level expired. However, worth to remind that AQFs are already outside the illegality plan, remaining, at the Federal level, in the unregulated domain. Read More..
