“The Ministry of Sport is working on a draft bill that will address betting, integrity in sport broadly. This agency will have the task of guaranteeing the integrity of sports competitions and preventing the manipulation of results, promoting transparency and fairness in the sports betting sector in the country. This project aims to establish the creation of a National Agency responsible for overseeing the sports betting market in Brazil. In addition to processing the provisional measure, the government will also send a bill related to “integrity in sport” to Congress. Modified 07:00 GMT Follow Us Comment FIFA 23s Winter Draft Objective went live last night, and is providing wonderful opportunities for players to earn some valuable rewards. The creation of an agency to oversee the Brazilian sports betting market It will be valid for up to 180 days and will need to be approved by Congress before it loses its effect as a law.Īccording to the government, the regulation of sports betting aims to provide more confidence and security to bettors, through the transparency of the rules and the strengthening of supervision. The provisional measure will be signed by the ministries of Finance, Planning and Budget, Management and Innovation, Health, Tourism and Sports.
According to Manssur, the proposal should be presented by the Ministry of Finance before the recess of the National Congress, in July. And growing over time and we will reach in a few years the number that the minister put”, said Manssur.įor the collection to materialize, it is necessary for the government to present the regulation of sports betting. Many players complain that the Online draft is very difficult and the rewards are pretty poor. “We have an expectation that 2024 will raise between 3 and 6 billion reais. However, Manssur explained that this is a long-term estimate, considering the potential of the regulated market over the years. In April, Minister Haddad had mentioned in an interview that the Federal Revenue forecasts a collection of between R$ 12 billion and R$ 15 billion. The special adviser to the Ministry of Finance, José Francisco Manssur, said today that the regulation of sports betting in Brazil has the potential to generate revenues of R$ 3 to 6 billion for the government by 2024. Sports betting government expects to raise 3 to 6 billion by 2024 (1)
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