Discussion around Brazil sports betting starts to become concrete

The framework for regulated sports betting in Brazil, which is still in its early stages, is gaining attention. On Wednesday, the Chamber of Deputies, which has been eager to start a regulated market for years, passed a revised draft that better describes how the business will operate.

Only organizations formed under Brazilian law and with headquarters and administration in Brazil will be eligible to apply for a sports betting license. This was debated in connection with previous legislation, but it is now finalized and awaits Senate approval.

 

[mosesdera]

It makes sense that the regulations would require sports betting companies to be based in Brazil legally and have local headquarters. This is a common approach internationally. As discussions continue, it will be important to find a balanced approach that allows competition while also supporting the local economy and jobs.