Brazil’s Chamber of Deputies has approved the government’s gambling bill, which regulates both sports betting and online casino.
The passage of the bill marks one of the final hurdles in the long journey to regulate online gambling in Brazil, the 10th largest economy in the world.
Bill 3,626/23 – which will replace the provisional measure (PM) president Luiz Inácio Lula da Silva issued in July – was amended several times from the original bill that the rapporteur, deputy Adolfo Viana, presented yesterday.
However, the bill still legalises online casino in addition to sports betting. Betting on fantasy sports will remain illegal due to a specific exemption from the new rules.
deputy adolfo viana presents amended bill
The bill will now head to the Federal Senate, which has 45 days to comment on the bill.
Foreign operators barred from licensing
Unlike the PM, the proposed law excludes foreign companies from offering regulated gambling. Only businesses incorporated under Brazilian ..