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Brazilian Sports Betting Market Rules Fall into Focus

As Brazil inches closer to the implementation of a regulated sports betting market, the Brazilian government agency tasked with regulating that market is clarifying its vision for that market. This week, the Secretariat of Evaluation, Planning, Energy and Lottery (SECAP) published a draft version of the regulatory scheme that will ultimately govern the market. The…

Brazilian Regulators Set Framework for Regulated Sports Betting Market

With a population of 212 million people, Brazil is both the largest country in South America and, potentially, one of the biggest sports betting markets on the planet. Earlier this week, Secretariat of Evaluation, Planning, Energy and Lottery (SECAP), the agency tasked with regulating Brazil's gaming industry, released a proposed regulatory framework for sports betting…

Brazilian Government Eyes Online Sports Betting Monopoly

Brazil's troubled interim government is considering a revenue raising option that most governments would dare risk; an online sports betting monopoly. It's a desperate move that would take the Brazilian online gambling marketing in exactly the opposite direction of the rest of the world. Brazilian lawmakers have been trying for years to wrangle enough support…

Brazil Online Gambling Bill Close to Becoming a Law

Regulated online gambling could be coming to one of the world's largest consumer markets if a bill under consideration by Brazilian lawmakers becomes a law. Late last week, members of the Special Committee on National Development (CEDN) spent a fair amount of time tinkering with SB 186/2014, a bill which would radically alter the gaming landscape of…