Sports betting regulations may come out in the coming days
Sports betting regulations may come out in the coming days

The Federal Government may announce the sports betting regulation in the coming days.

A deal with the president of the Chamber of Deputies, Arthur Lira (PP-AL), projects that the matter will be broken down into two texts: a provisional measure and a bill.

According to news from the G1, the proposals are already in the Civil House, which is only waiting for the endorsement of President Luiz Inácio Lula da Silva.

He returned from an official trip to Europe this Wednesday, the 19th, returning to dispatch this Thursday, the 20th.

Regulation of sports betting can yield BRL 12 billion to the government

Lula is expected to assess the matter by Friday, the 21st. The government aims to raise around 12 billion reais with the regulation of sports betting.

The provisional measure will address the most urgent issues, such as the taxation of the activity and the imposition of punishments on bookmakers that violate the rules.

The bill will need to address the more complex points, such as sanctions application processes and the taxation structure.

This Tuesday, the 18th, in a provisional measure, the federal government created a new secretariat for betting and lotteries within the structure of the Ministry of Finance, with approximately 65 positions.

Michel Temer’s government legalized sports betting in Brazil in December 2018.

The text granted two years (extendable for another two years) for the Executive Branch to regulate this market, which did not occur until the end of Jair Bolsonaro’s government.

The current government has already disclosed, in a hearing in the Chamber, that the country failed to raise about 6 billion reais between 2018 and 2022.

Return of Lotex, the famous scratch card

The Federal Government also intends to recreate Lotex, popularly known as scratch card. The goal is to further expand the sources of revenue.

This resumption should happen from a decree later this month of July.

The government plans to receive more than 3 billion a year. This information was supplied by the Secretary of Economic Reforms at the Ministry of Finance, Marcos Barbosa Pinto.