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Brazil’s Sports Betting Consultation

6 September 2019, 10:06
Votes: 1

The public consultation on sports wagering has been held by the Brazilian lawmakers in order to decide on the sector’s legalization.

Brazil’s Sports Betting Consultation

The Brazilian authorities provided their local residents with a 30-day period to express their opinion concerning sports betting regulation via a special electronic resource. Debates on the segment’s legalization are scheduled for September where legislators are going to use the results of the consultation.

One of the main topics in this issue is tax collection. According to the Brazilian government’s projections, if sports wagering becomes legal the state treasury will receive 1.5 billion dollars annually. It is preliminarily estimated that Brazilian authorities might adopt sports betting regulations by the end of the current year.

As mentioned earlier, during the ICE Africa conference one of the topics to be discussed is the role of technologies in the sports betting sector.

Read more: Esports and Sports Betting Are to Implement All Technological Innovations in the Next 20 years – ICE North America Speaker

Read more: Pricing and Risks in the Sports Bookmaker Offers Differentiation – Expert Opinion

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