Configurator
manager@casino-market.com
manager@casino-market.com
Copy
Attention!
It is important to enter the specified email manager@casino-market.com to avoid fraud.
Copied!
support.casinosupermarket
support.casinosupermarket
Attention!
It is important to enter the specified skype support.casinosupermarket to avoid fraud.
Copied!
en

New Sports Betting Law in Brazil

06 july 2022
Author: James Burton
Source: www.yogonet.com
read later

On 13 December 2022, Law № 13 756/18 on sports betting will enter into force in Brazil. So far, the government has not made final changes, however, this will not prevent the regulation from coming into force.

Sports betting in Brazil: new law

Government Measurements

Local entertainment distributors are concerned about further operations if the authorities do not issue rules before the legislature closes. The regulation states that the Union has 4 years to establish the modality (from December 12, 2018).

The Ministry of Finance is required to issue regulations under this Law for a maximum of 2 years. It also should be with the option of an extension for the same period starting on the day this regulation is published.

It is claimed that the control of the modality depends on the modification of the passed legislation. This entails the passage of the Provisional Measure for the application of changes that were not included in the Law. This is carried out to offer legal backing for many elements that will be covered by the new format regulation.

Following lengthy debates between the Civil House and the evangelical bench, MP Marco Feliciano requested that President Jair Bolsonaro issue a regulatory order and appoint a prime minister until after the elections. The ruler declines this suggestion, but he agrees to comply with it to preserve his relationship with the party.

Operators' Actions

According to the legal expert Regis de Oliveira, the government must control the law whether they want it or not.

The specialist contends that regardless of the authority's actions, the legislation has immediate repercussions and that the government is powerless to stop the law's implementation and consequences.

The rule of law is instantaneous, he continues. It enters into full force without any restrictions. Under the guise of non-regulation, the Executive cannot stop the rule.

All Brazilian gaming websites will thus be permitted to use a local domain as of December 13, 2022. Additionally, no ground operator will face legal limitations on «street operations».

According to the legislation, companies must pay taxes and establish fees even in the absence of government control. Any wins above $ 1,911 must be reported to the national Financial Intelligence Unit.

Source: www.yogonet.com
Share via social media
Do you like the article?
Like
0
LOL
0
Love
0
Cool
0
Meh
0
Wow
0
Join our Telegram channel James Burton James Burton The Casino Market partner, the owner of the gambling establishments’ network
Attention!

Check the information used to contact us carefully. It is necessary for your safety.

Fraudsters can use contacts that look like ours to scam customers. Therefore, we ask you to enter only the addresses that are indicated on our official website.

Be careful! Our team is not responsible for the activities of persons using similar contact details.

Do You Have Any Questions?
Consult our expert for free!
Enter your message
Type your message
Name
Enter your name
You need to fill in the captcha
Please confirm your agreement with our rules
DEMO
Configurator of a Casino
Request via Telegram
Download presentation
Share this
Configurator
Create your own unique gaming site absolutely free!
Assemble a casino
Connect the demo of a gaming site!
Connect demo
By using this website you agree to use cookies as stated in
DEMO
Download Casino Market presentation
Learn more Download