In a significant advance for the regulation of sports betting in Brazil, Alexandre Padilha, chief minister of the Secretariat of Institutional Relations, announced a crucial agenda.
An agreement with the president of the Senate, Rodrigo Pacheco, and leaders of the House puts the bill to a vote next week, something that was already expected.
Voting agenda and legislative perspectives
The proposal will be voted on on Tuesday (21) in the Senate Economic Affairs Committee (CAE), with a possible progression to the Senate plenary.
Minister Alexandre Padilha detailed: “The forecast is for a vote on Tuesday in the Senate Economic Affairs Committee”. This project is a milestone for the betting sector in Brazil, promising regulation and greater control.
Highlighting the social importance of the project, Padilha highlighted its impact on the Movement of People Affected by Dams, mainly in Minas Gerais.
“It is an important bill for the government and the Senate, involving anti-dam movements, focusing on important states such as Minas Gerais,” he stated.
Expectations for betting regulation
Regularizing sports betting is a vital step towards modernizing the market, ensuring transparency and security. The initiative is awaited by the sector, which sees betting regulation as an opportunity for growth and consolidation in Brazil.
Furthermore, the expectation is that some industry requests will be met, such as reducing taxation for betting companies. Furthermore, operators ask that regulation not be excessive.
Senator Jorge Kajuru stated that the Senate will maintain advertising for bookmakers on TV, as well as sponsorship of football teams, athletes and competitions.
According to Kajuru, sports betting advertisements will not have time restrictions. However, advertising on signs in stadiums may be banned.