What do sports betting industry representatives say about the regulatory deadline?

The deadline for the government to regularize the sector of "fixed odds bets" in Brazil has ended. The government will return to Parliament to set new guidelines for regulation of the industry. The current law does not generate jobs or taxes paid to the country. It is the responsibility of Executive Branch. In 2018, fixed odds betting was authorized.

There are 450 sports betting houses operating in Brazil. The government estimates that 450 of them are profitable. Regulation is essential to protect customers and responsible gaming. The regulation of sports gambling in the country is pending. It was legalized in 2018. There are already 20 Brazilian football clubs with agreements with sportsbetting companies. They are visible in their uniforms and advertising. Their presence is visible during the Campeonato Brasileiro Série A.