Brazil sports betting bill becomes law

Operators revenues capped at 8% under new legislation

Sports betting in Brazil has been officially legalised at an official parliamentary ceremony yesterday afternoon, it has been confirmed. Interim Brazilian president Michel Temer signed provisional measure 846 into law following its successful passage through both chambers of the Brazilian parliament. The measure, which primarily deals with the distribution of lottery revenues across Brazil, allows…

Brazil | Legislation | Parliament | Regulation | Sports betting