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July 2024

Studies suggest that the appeal of online betting may be at risk

Brazil's Regulamentation /
ecommerce, computer, cash-2301933.jpg

On September 13, 2023, the House of Representatives approved the main text of Bill No. 3,626, which incorporates Provisional Measure No. 1,182 from July 25, 2023, with some modifications. One of the primary motivations behind these changes is to increase federal tax revenue. The bill currently sets the concession fee at up to 30 million […]

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Taxation: Simulating the Impact on Players’ Earnings in Fixed-Odds Betting

Brazil's Regulamentation /
Low angle of letter tiles with the word TAXES on a variety of tax forms.

In 2023, the National Congress passed a bill regulating the fixed-odds betting market in Brazil. While the approved text received positive feedback, the veto of the first three paragraphs of Article 31, which addressed income tax on bettors’ winnings, raises key issues for the regulation’s success. Download the report for more information: Simulation of the

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