By The Weekly Edge desk · · Updated
A study warned that a gambling ban associated with Brazilian President Luiz Inácio Lula da Silva could reduce potential tax receipts, Casino.org reported. The estimate puts the potential loss at $14.7bn over four years.
Policymakers face a study warning that a Brazilian gambling ban could cost $14.7bn in potential taxes over four years.
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The games framework and loot-box scrutiny put video games and betting-like mechanics under simultaneous government attention.
The ban’s many amendments and possible delayed court decision leave its prospects uncertain for operators and suppliers.
The proposal could affect betting operators and the sector’s workers, clubs and public revenue if Congress advances the ban.
The criticism places fixed-odds betting in Lula’s public messaging to evangelical families.
The ruling again blocks Stake’s Brazilian betting operation while the court action continues.
Flamengo’s protest signals opposition from the club to government restrictions on Brazil’s sports betting market.