Brazil’s government has officially empurrado pra frente the controversial MP 1.303/2025, extending its validity until October 8, 2025. This Medida Provisória hikes the IOF (Tax on Financial Operations) and cranks up the tax pressure on sports betting platforms, in a move that's shaking the gaming and fintech scene.
Originally set to expire in early August, the measure got an automatic prorrogation, giving Congress more time to debate the bicho papão of new taxation: a 17.5% rate on crypto profits, up to 18% GGR for sportsbooks, and IR on previously exempt bonds like LCI/LCA.
The jogo do Congresso is now on. A mixed commission led by velha guarda Renan Calheiros and relator Carlos Zarattini will hold four public hearings before voting on August 26. If greenlit, the measure moves to the Chamber and Senate floors.
Operators and investors are on alerta máximo, especially those in the booming betting and digital asset markets, which may now face mais carga tributária and reduced margins. Critics argue the measure could dar ruim for startups and fintechs brasileiras, while the government says it’s needed to balance the books after phasing out IOF on foreign exchange.
With muito papo no ar and no final whistle yet, Brazil’s gaming market watches closely—cada passo conta.
