{"id":212,"date":"2024-06-19T06:02:37","date_gmt":"2024-06-19T03:02:37","guid":{"rendered":"https:\/\/america777nodepositbonus.icu\/2024\/06\/19\/the-long-wait-navigating-the-uncertain-waters-of-sports-betting-regulation-in-brazil\/"},"modified":"2024-06-20T17:11:58","modified_gmt":"2024-06-20T14:11:58","slug":"the-long-wait-navigating-the-uncertain-waters-of-sports-betting-regulation-in-brazil","status":"publish","type":"post","link":"https:\/\/america777nodepositbonus.icu\/2024\/06\/19\/the-long-wait-navigating-the-uncertain-waters-of-sports-betting-regulation-in-brazil\/","title":{"rendered":"The Long Wait: Navigating the Uncertain Waters of Sports Betting Regulation in Brazil"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/iWIzqbkGRTs\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Wagering on athletic events in Brazil was projected to be governed by the final quarter of 2019, but the procedure has been more prolonged than foreseen.<\/p>\n<p>Marcelo Munhoz da Rocha, a legal advisor at BetConsult, conversed with Gambling Insider and furnished an update on the circumstances. Although fixed-odds sports wagering has been permissible in Brazil since December 2018 under Law No. 13,756\/2018, which categorized it as a lottery, it still requires proper regulation.<\/p>\n<p>To establish the most effective regulatory structure, the national government, through the Ministry of Finance, initiated a public dialogue in August 2019 to collect feedback from the sector, particularly on taxation and licensing frameworks. This resulted in the issuance of a draft regulatory decree, suggesting an open-market system with authorization permits for operators fulfilling specific criteria.<\/p>\n<p>Nevertheless, this decree was not definitive and is anticipated to be modified. A supplementary decree is expected, and the Ministry of Finance commenced a fresh round of public consultation that concluded on September 27th. The aspiration is that these actions will ultimately yield clarity and a robust framework for lawful sports wagering in Brazil. <\/p>\n<p>Brazils recently enacted laws are poised to establish a well-defined structure for wagering on sporting events, encompassing specifics such as permit costs, regulations, and other significant factors like levies and charges. <\/p>\n<p>Although the precise expense of a permit has not been formally verified, it is projected to be approximately R$3 million (equivalent to $723,150 USD). This sum is liable to alteration pending subsequent regulatory adjustments. <\/p>\n<p>Numerous stakeholders perceive the acquisition of a permit to function legitimately within Brazils regulated sports wagering sector as a lucrative prospect for both operators and those providing capital. <\/p>\n<p>The general sentiment towards sports betting in Brazil has undergone a transformation. The illicit market was already substantial, but legitimization and regulation seek to furnish legal assurance to an activity already embraced by a considerable number of Brazilians. This action will also empower the government to gather revenue from this market.<\/p>\n<p>Even media entities that previously opposed legalization have modified their stance, with advertisements for sports betting now prevalent on television and other media platforms. <\/p>\n<p>The regulatory structure is anticipated to reach completion by the close of 2019, clearing the path for the commencement of licensing procedures. <\/p>\n<p>Whats the delay with launching sports wagering in Brazil?<\/p>\n<p>Although the legislation received approval, they&#8217;re still ironing out the details of its implementation \u2013 the regulations and who receives authorization to provide it.<\/p>\n<p>Additionally, Congress might need to modify the law they enacted in 2018 (Law No. 13,756, for those curious). There&#8217;s an issue with uncollected winnings that requires resolution. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wagering on athletic events in Brazil was projected to be governed by the final quarter of 2019, but the procedure has been more prolonged than foreseen. Marcelo Munhoz da Rocha, a legal advisor at BetConsult, conversed with Gambling Insider and furnished an update on the circumstances. Although fixed-odds sports wagering has been permissible in Brazil [&hellip;]<\/p>\n","protected":false},"author":77,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brazilian Sports Betting: Regulatory Update &amp; Delays<\/title>\n<meta name=\"description\" content=\"Delays continue to plague the launch of regulated sports betting in Brazil. Get the latest updates and insights from legal expert Marcelo Munhoz da Rocha on the prolonged process.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/america777nodepositbonus.icu\/2024\/06\/19\/the-long-wait-navigating-the-uncertain-waters-of-sports-betting-regulation-in-brazil\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Long Wait: Navigating the Uncertain Waters of Sports Betting Regulation in Brazil\" \/>\n<meta property=\"og:description\" content=\"Delays continue to plague the launch of regulated sports betting in Brazil. Get the latest updates and insights from legal expert Marcelo Munhoz da Rocha on the prolonged process.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/america777nodepositbonus.icu\/2024\/06\/19\/the-long-wait-navigating-the-uncertain-waters-of-sports-betting-regulation-in-brazil\/\" \/>\n<meta property=\"og:site_name\" content=\"Your Source for Expert Casino Insights &amp; Licensed Gaming News\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-19T03:02:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-20T14:11:58+00:00\" \/>\n<meta name=\"author\" content=\"Piper &quot;Phoenix&quot; Guthrie\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Piper &quot;Phoenix&quot; Guthrie\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/america777nodepositbonus.icu\/2024\/06\/19\/the-long-wait-navigating-the-uncertain-waters-of-sports-betting-regulation-in-brazil\/\",\"url\":\"https:\/\/america777nodepositbonus.icu\/2024\/06\/19\/the-long-wait-navigating-the-uncertain-waters-of-sports-betting-regulation-in-brazil\/\",\"name\":\"Brazilian Sports Betting: Regulatory Update & Delays\",\"isPartOf\":{\"@id\":\"https:\/\/america777nodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-19T03:02:37+00:00\",\"dateModified\":\"2024-06-20T14:11:58+00:00\",\"author\":{\"@id\":\"https:\/\/america777nodepositbonus.icu\/#\/schema\/person\/a2197087652eee07d78d73577679b37e\"},\"description\":\"Delays continue to plague the launch of regulated sports betting in Brazil. 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