"There are operators considering taking the situation of sports betting in Brazil to court"

Summarized by: Live Sports Direct
 
"There are operators considering taking the situation of sports betting in Brazil to court"

The World Cup in Qatar moves more than $3.7 million in bets without contributing taxes. The regulation of sports betting in Brazil is in limbo. Several operators are considering taking the situation to court. Law 13.756 legalized fixed odds betting, but the deadline for regulation expired on December 12. The document on the regulation has been on Bolsonaro's desk since mid-July. There is a possibility that he will dispatch the regulations next week. Some operators consider legal measures. They want to find out if the elected government of Luiz Inácio Lula da Silva will pay attention to the matter.

André Gelfi, partner director of Betsson Brazil, believes that the new government is ignoring market regulation. He believes a presidential decree is needed to resolve the sanctions. The World Cup is estimated to generate more than 20 billion reais in bets in Brazil. It is not a question of creating something, but of formalizing and organizing an already existing sector.


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