Responding to a request by the President of the Chamber of Deputies, Arthur Lira, the Federal Government must change the way of regulating the betting market. The sports betting PM must be transformed into a bill with an urgent regime.
According to G1, Lira is negotiating the issue with the Minister of Institutional Relations, Alexandre Padilha, and with government party leaders in the National Congress.
This is already the second articulation of the president of the Chamber. In April, at the request of the president of the Chamber, the government opted to abandon the Carf provisional measure – one of the main forms of collection foreseen by the economic team – and sent the text to Congress as a bill.
It is important to highlight that an MP has immediate application and needs to be approved by Congress within four months to have permanent effect. Approval requires only a simple majority (half plus one, in relation to those present in the plenary).
The bill with constitutional urgency locks the voting agenda after 45 days and the process starts with the Chamber of Deputies. Approval requires an absolute majority, specifically 257 deputies.
What does the sports betting PM say
The text of the PM for sports betting establishes that only qualified companies will be able to receive bets related to official sporting events, organized by federations, leagues and confederations. Unqualified companies will incur illegal practices and will be prohibited from carrying out any type of advertising.
Companies will be taxed at 16% on the Gross Gaming Revenue (GGR), the revenue obtained from all games played, subtracting the prizes paid to players. The prize received by the player will be taxed at 30% Income Tax, respecting the exemption of BRL 2,112.00.
In addition, the collection from fees and taxes will be allocated to important areas, such as public safety, basic education, sports clubs and social actions. The total amount collected will be divided in order to benefit different sectors of society.
Of the 16%, 2.55% will go to the National Fund for Public Security, for actions to combat match-fixing, money laundering and other acts of a criminal nature that may be practiced in the context of betting or related to it. A further 0.82% will be earmarked for basic education, 1.63% for sports clubs, 10% for social security and 1% for the Ministry of Sports.
