Tag: Legal & compliance

Today (6 December) Brazil's senate plenary is set to vote on whether to approve Bill 3,626/23, which would legalise sports betting and igaming. But could this crucial vote be delayed?

When Brazil’s Economic Affairs Commission (CAE) approved Bill 3,626 two weeks ago, the industry thought the Senate plenary vote couldn’t be too far away. Unfortunately, that wasn’t the case.

The senate plenary’s vote was initially scheduled for 29 November. However, the vote was delayed until December after more than 100 amendments were added to the bill.

This takes us to the present day. The senate plenary’s vote is scheduled to take place at 2pm local time (5pm GMT).

iGB understands that this vote will be delayed by six days, to take place on 12 December. Senators have allegedly been told that the minimum number of senators needed to vote today will not be met.

In this case, the vote could not go ahead because approval of the bill may be compromised.

What effect would this have?

If this vot..

A reduced 12% tax rate for Brazil sports betting was confirmed after the country's Economic Affairs Commission (CAE) approved Bill 3,626/23 today (22 November) while an attempt to remove igaming from the legislation was rebuffed.

The approval of the bill text by the CAE greenlights the bill to go to the Senate plenary. The Senate plenary vote will take place on 29 November, during which sports betting – alongside igaming – could be given the all-clear in Brazil.

If the Senate alters the bill text, it will go back to the Chamber of Deputies for review. The lower chamber approved Bill 3,626/2023 in September.

However it faced opposition from senators including Eduardo Girão and Carlos Portinho. Attempts to remove igaming from the legislation also failed during today’s session, after online casino was unexpectedly added to the sports betting bill in September.

The vote was set to take place yesterday before it was postponed by the CAE. According to the Senate agency on Senado Not..