The Brazil Senate rejected an iGaming measure, but its counterpart is determined to see it through A vote is expected this week in the Chamber of Deputies on whether online casinos will be part of a proposal to regulate sports betting. This follows a move by the Senate that stripped online gaming out of a
An online casino amendment was stripped from the bill, but could be revived next year Brazil’s Senate Plenary voted on December 12 to authorize the amendments to Bill 3,626/2023, which will legalize sports betting. However, iGaming legislation was withdrawn from the bill. While the Senate voted to exclude iGaming, the Chamber of Deputies retained the
The regulations Brazil is considering could lead to greater offshore gambling The Brazilian Institute of Responsible Gaming (IBJR, for its Portuguese acronym) has voiced its support for approving the Chamber of Deputies regarding Bill 3626/2023. However, it also published a statement underlining the need for changes in the legislation. The entity expressed that if the
Brazil’s lawmakers continue to tweak gambling and betting legislative initiatives Brazilian lawmakers are divided on the issue of including fantasy games in the legal framework for the electronic games industry. During a Wednesday debate on bill 2,796/2021, senators defended postponing a vote on the matter, which is ready to be deliberated in the House Plenary.
A push is on to bring back legal casinos to Brazil as sports betting approaches its launch It appears as though Brazil may be closer to considering legal casinos than previously thought. Information published by Demétrio Vecchioli in the Column Olhar Olímpico on Portal Uol on September 6 says that casinos may be included in
After a long hiatus and movement on the sports betting front, it’s time to tackle casinos Brazilian Minister of Tourism, Celso Sabino, will attend a meeting announced by a political group to examine regulating gambling, bingos, and casinos in the country. Bill 442/1991 has already been approved by the Chamber of Deputies and is now
The South American country is advancing its state-run cryptocurrency plans The Central Bank of Brazil’s digital currency (CBDC), previously known as the “digital real,” now has an official new name: the Drex. The Central Bank of Brazil issued a press release on August 7, divulging and describing the new brand for its CBDC. The brand
Brazil is moving toward regulated sports betting and a possibly larger casino market Last Tuesday, the CEO of Playtech, Mor Weizer, sat down with Brazil’s Vice President, Geraldo Alckmin, in a meeting facilitated by member of parliament Felipe Carreras. Carreras is a prominent figure in the government, with a focus on gambling and sports regulation,
Despite resistance, cryptocurrency continues to advance as a fiat alternative A hospital in Rio Grande do Sul has entered the history of Brazil by becoming the first to accept Bitcoin (BTC) as a means of payment. The hospital in question is the Rolling Hospital Foundation (FHR), which released the news last week. With this, Bitcoin
While not considered legal tender, crypto earns a spot in the consumer market The Brazilian government finally chose the entity that will regulate the cryptocurrency industry, the Central Bank of Brazil. A decree signed by President Luiz Inácio Lula da Silva certified the validity of the law that will regulate the crypto market and the
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