{"id":8486,"date":"2024-02-15T00:00:00","date_gmt":"2024-02-15T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/brazilian-ministry-of-finance-prevents-sports-betting-regulation-from-becoming-a-tax-war\/"},"modified":"2024-02-15T00:00:00","modified_gmt":"2024-02-15T00:00:00","slug":"brazilian-ministry-of-finance-prevents-sports-betting-regulation-from-becoming-a-tax-war","status":"publish","type":"gambling","link":"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/brazilian-ministry-of-finance-prevents-sports-betting-regulation-from-becoming-a-tax-war\/","title":{"rendered":"Brazilian Ministry of Finance prevents sports betting regulation from becoming a tax war."},"content":{"rendered":"<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The Ministry of Finance has announced that it will promote the edition of approximately twelve regulatory decrees in relation to the law that regulates sports betting in Brazil.<\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"> <\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">This measure aims to reinforce that regulation is ongoing and that, at this time, it cannot be subject to sanctions by states.<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color:#0563c1\"><u><a href=\"https:\/\/www.mundovideo.com.co\/colombian-gambling-news\/this-is-the-brazilian-bettor-more-and-more-there-are-women-who-bet\" target=\"_blank\" rel=\"noopener\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">This is the Brazilian bettor&#8230; more and more there are women who bet.<\/span><\/span><\/a><\/u><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The team of Minister of Finance, Fernando Haddad, has committed to delivering the complete regulation in the near future.<\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"> <\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">This document will include standards for issuing state licenses so that they do not interfere with federal licenses.<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Concern has also been expressed about establishing a supervisory system to prevent attempts at tax fraud.<\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"> <\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">In addition, cases of locally licensed betting houses that allow betting on games in the rest of the country will be observed.<\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"> <\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">In Rio de Janeiro, Loterj has implemented a system that requires a declaration of address by the bettor.<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color:#0563c1\"><u><a href=\"https:\/\/www.mundovideo.com.co\/colombian-gambling-news\/brazil-sports-wagers-yes-online-gambling-must-wait\" target=\"_blank\" rel=\"noopener\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Betting was regulated at the end of 2023 and is in the process of implementation. Initially, 134 companies expressed prior interest and, as a result, will have priority in licenses and concessions.<\/span><\/span><\/a><\/u><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The law, sanctioned at the end of December, brought more clarity to the scenario. The government, after pressure and reports of fraud, acted to regulate the market. Thus, with the creation of the National Gambling and Betting Secretariat and the projection of significant revenue, the sports betting market in Brazil is about to enter a new phase.<\/span><\/span><\/span><span style=\"font-size:large\"> <\/span><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Therefore, the measures taken by the government aim to not only regulate but also ensure integrity and safety in this expanding sector.<\/span><\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of Finance has announced that it will promote the edition of approximately twelve regulatory decrees in relation to the law that regulates sports betting in Brazil<\/p>\n","protected":false},"author":1,"featured_media":8487,"menu_order":307,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[4323,1636,4324],"class_list":["post-8486","gambling","type-gambling","status-publish","format-standard","has-post-thumbnail","tag-brazilian-ministry","tag-sports-betting-regulation","tag-tax-war","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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