The Senate’s Economic Affairs Committee (CAE) meets on Tuesday, 21st, from 10 am, with six relevant items on the agenda, including the project to regulate fixed-odds bets on sporting events, also known as bets.
PL 3,626/2023 specifies taxation on winnings from betting and possible prizes.
The proposal is being processed simultaneously by the Sports Commission (CEsp). The text was approved on November 8th in the form of a report by Senator Romário (PL-RJ).
Details of the betting regulation project
Furthermore, the project amends the law that deals with the free distribution of prizes for the purpose of advertising (Law 5,768, of 1971) and that which deals with the allocation of lottery collections and the lottery modality of fixed-odd bets (Law 13,756, of 2018).
According to the proposal, fixed-odd betting includes virtual online gaming events and real sports-themed events, such as football and volleyball games. In this modality, the bettor wins if he matches any condition of the game or the final result of the match.
According to the proposition, bets can be placed physically, through the purchase of printed tickets, or virtually, through access to electronic channels.
Therefore, the authorization act must specify whether the operating agent can act in just one or both modes.
Project should go to the Plenary today
The expectation is that after the vote in the Commission, the project will go directly to the Plenary for analysis.
The president of the Senate, Rodrigo Pacheco, committed to prioritizing the processing of the betting regulation project in a recent meeting with President Luiz Inácio Lula da Silva.
In return, Lula accepted Pacheco’s request and removed the constitutional urgency of the bill on November 14th. Consequently, the Senate agenda was unlocked and other topics could be voted on.
After all, betting regulation is one of the government’s priority projects aimed at expanding revenue sources to meet the fiscal target in 2024.