Sports betting regulation – Page 9

December 13, 2023

Brazil’s senate votes to approve sports betting – igaming removed

Brazil's senate plenary voted yesterday (12 December) to approve the amendments to Bill 3,626/2023, which will regulate sports betting. However, igaming was removed from the bill.

Originally scheduled for 6 December, the vote was delayed due to a lack of available senators to vote.

The bill was presented by Senator Angelo Coronel to the senate yesterday evening. It contained the latest round of amendments following initial approval of the bill three weeks ago by Brazil’s Economic Affairs’ Commission.

While the bill faced significant opposition, three key highlights were focused on in yesterday’s voting session.

The first, and most notable, is that the senate voted to remove igaming from the bill. The amendment was presented by Senator Carlos Portinho, with 37 votes in favour of excluding igaming and 27 against.

In addition to the exclusion of igaming, the senate also voted to exclude virtual games and sports betting terminals. An amendment that would prohibit sports betti..

December 7, 2023

Brazil gambling regulation vote delayed to 12 December

Originally scheduled to take place at 2pm local time (5pm GMT) on 6 December, Brazil's senate vote has now been rescheduled until Tuesday 12 December.

Prospects are now bleak that it will be approved this year.

While the proposal of Brazil’s gambling regulation remained on the agenda, senators were unable to vote on the bill due to the lack of quorum.

As the minimum number of senators needed to vote was not met, it was not possible for the vote to go ahead as approval of the bill risks being compromised.

Factors behind the delay

When Brazil’s Economic Affairs Commission (CAE) approved Bill 3,626 two weeks ago, the industry thought the senate plenary vote would follow shortly after. But this has not been the case.

The senate plenary’s vote was scheduled for 29 November – but the vote was delayed until December after more than 100 amendments were added to the bill.

The major reason behind the delay is that 15 key senators were attending the United Nations Climate Summit (C..

December 6, 2023

Brazil: Could today’s vote be delayed?

Today (6 December) Brazil's senate plenary is set to vote on whether to approve Bill 3,626/23, which would legalise sports betting and igaming. But could this crucial vote be delayed?

When Brazil’s Economic Affairs Commission (CAE) approved Bill 3,626 two weeks ago, the industry thought the Senate plenary vote couldn’t be too far away. Unfortunately, that wasn’t the case.

The senate plenary’s vote was initially scheduled for 29 November. However, the vote was delayed until December after more than 100 amendments were added to the bill.

This takes us to the present day. The senate plenary’s vote is scheduled to take place at 2pm local time (5pm GMT).

iGB understands that this vote will be delayed by six days, to take place on 12 December. Senators have allegedly been told that the minimum number of senators needed to vote today will not be met.

In this case, the vote could not go ahead because approval of the bill may be compromised.

What effect would this have?

If this vot..

December 5, 2023

ESPN Bet to debut in North Carolina with PGA sponsorship deal

ESPN Bet signs major PGA Tour deal as official betting operator of the Wells Fargo Championship in North Carolina.

ESPN Bet is expected to launch in North Carolina after agreeing a deal to become the Quail Hollow Golf Club’s official betting operator.

After launching across 17 states on 14 November to coincide with Thanksgiving week, Tuesday’s (5 December) announcement sets up ESPN Bet to be one of the 12 operators licensed in North Carolina.

This follows the North Carolina State Lottery Commission announcing that it is now starting the application process for sports betting licences from 1 December. The state is expected to open in the first half of 2024.

ESPN Bet’s agreement with Quail Hollow Club, a golf course in North Carolina, will see the company become the official betting operator of the Wells Fargo Championship.

The PGA Tour event has been previously won by Tiger Woods and Rory McIlroy and is held at Quail Hollow Club.

In a press release on Tuesday, Benjie Levy, head ..

November 29, 2023

Brazil’s Senate plenary to delay final voting on regulation until December

Today's vote in Brazil's Senate plenary has been delayed until December, following more than 100 amendments to the bill.

Originally scheduled to vote for today (29 November), the Senate plenary has agreed to delay the vote until an unconfirmed date in December.

This follows the bill being presented by Senator Angelo Coronel, a key proponent for legalisation in Brazil.

The newly proposed amendments total more than 100, which will now be considered. These include a proposed taxation of fantasy sports on the same level as the 12% for sports betting and online casino, as well as the role of the health sector in the exclusion process.

Due to the requested amends, and there being a lack of of quorum to vote, the vote will now be delayed.

The president of the Brazilian Senate, Rodrigo Pacheco, will now need to decide the next voting date, although this is expected to be in December.

Once the bill is approved, it will need to be returned to the Chamber of Deputies for revie..

November 27, 2023

Brazil’s upcoming vote: Everything you need to know

Brazil's Senate plenary could vote to legalise sports betting and online casino on Wednesday (29 November). Ahead of the vote, we bring you all you need to know about the journey so far.

Before we delve into the complex legal history of sports betting in Brazil, let’s start off with last week’s key step.

Last Tuesday (21 November), the industry was waiting eagerly for Brazil’s Economic Affairs Committee (CAE) to vote on whether to greenlight sports betting and igaming through Bill 3,626/2023. This was delayed by one day on the request of senators, according to Senado Noticias.

The bill will now head to the Senate Plenary this Wednesday (29 November)

The CAE’s eventual approval on Wednesday 22 November gave the thumbs-up for the bill to move to the Senate plenary. This session will now take place this Wednesday (29 November). If the plenary vote goes in the bill’s favour, sports betting and igaming will officially be legal in Brazil.

Importantly, the outcome at the CAE confirm..

November 23, 2023

Road to ICE 2024: Sports betting heads to LatAm

On the road to ICE, iGB will prep you for the biggest show of 2024 with this new series covering the latest developments since 2023's show.

As we begin our road to ICE 2024, Brazil remained a prominent market this year for LatAm, particularly after sports betting was finally legalised in July after president Luiz Inácio Lula da Silva signed Provisional Measure (PM) No. 1,182.

Hallelujah: Brazil saga nears its end before ice 2024

This brought an end of years (and years) of delays. However, unsurety remained as the PM still needed to be okayed by Brazil’s National Congress within 120 days.

The PM itself came mired in controversy. Its signing meant that the 2018 sports betting measures implemented in Law No. 13,756 were also passed – but with a number of amendments.

Naturally, the industry wasn’t too pleased with these developments. Luiz Felipe Maia, founding partner of Brazilian law firm Maia Yoshiyasu Advogados told IGB that reactions to the PM were “99% negative”, due to “th..

November 23, 2023

Road to ICE 2024: Sports betting heads to LatAm

On the road to ICE, iGB will prep you for the biggest show of 2024 with this new series covering the latest developments since 2023's show.

As we begin our road to ICE 2024, Brazil remained a prominent market this year for LatAm, particularly after sports betting was finally legalised in July after the president, Luiz Inácio Lula da Silva, signed Provisional Measure (PM) No 1,182.

Hallelujah: Brazil saga nears its end before ice 2024

This brought an end to years (and years) of delays. However, uncertainty remained as the PM still needed to be okayed by Brazil’s National Congress within 120 days.

The PM itself came mired in controversy. Its signing meant that the 2018 sports betting measures implemented in Law No 13,756 were also passed – but with a number of amendments.

Naturally, the industry wasn’t too pleased with these developments. Luiz Felipe Maia, founding partner of Brazilian law firm Maia Yoshiyasu Advogados, told iGB that reactions to the PM were “99% negative”, due..

November 22, 2023

Brazil sports betting tax rate set at 12% as attempt to remove igaming fails

A reduced 12% tax rate for Brazil sports betting was confirmed after the country's Economic Affairs Commission (CAE) approved Bill 3,626/23 today (22 November) while an attempt to remove igaming from the legislation was rebuffed.

The approval of the bill text by the CAE greenlights the bill to go to the Senate plenary. The Senate plenary vote will take place on 29 November, during which sports betting – alongside igaming – could be given the all-clear in Brazil.

If the Senate alters the bill text, it will go back to the Chamber of Deputies for review. The lower chamber approved Bill 3,626/2023 in September.

However it faced opposition from senators including Eduardo Girão and Carlos Portinho. Attempts to remove igaming from the legislation also failed during today’s session, after online casino was unexpectedly added to the sports betting bill in September.

The vote was set to take place yesterday before it was postponed by the CAE. According to the Senate agency on Senado Not..

November 21, 2023

Nearly half of German players still using black market, says study

A new study from the University of Leipzig has warned that close to half of all online gambling in Germany still takes place with unlicensed operators.

The study was commissioned by the German Online Casino Association (DOCV) and the German Sports Betting Association (DSWV). It was authored by economist Gunther Schnabl of the University of Leipzig.

The report states that the State Treaty on Gambling, which came into force in July 2021, is missing its key target of ensuring that all online gaming takes place on licensed sites.

As a result, the DOCV and DSWV have called on Germany’s gambling regulator (GGL) to make regulated casinos a more competitive proposition. The GGL came about as a result of the Fourth State Treaty.

The study: in numbers

The study defines an illegal site as being based on several key criteria. The first is that the offer can be reached from a German IP address, without using a VPN. The second is that the offer is available in German and the third is that, wh..

November 20, 2023

GC’s Andrew Rhodes walks the tightrope on affordability checks

Fifty-year UK industry veteran, David Brown, evaluates the tightrope being walked by the Gambling Commission on affordability checks.

During the “largest ever gathering of industry leaders” on 10 November, Andrew Rhodes, the Gambling Commission’s (GC) chief executive, attempted to walk the tightrope on affordability checks.

The story of affordability checks has created the most united front between punter, racing media and bookmaker that the UK has seen.

To his credit, we can certainly say that Rhodes has arguably done more to bring the industry together than anyone ever before.

However, that united front is now against him and the Gambling Commission, especially following his speech on 8 November.

The challenge that the GC now faces is the need to balance player protection while keeping the industry sustainable.

The speech: what went wrong

Gambling Commission CEO Andrew Rhodes has a tightrope to walk WITH AFFORDABILITY CHECKS

The GC has a precarious tightrope to walk. Howev..

November 13, 2023

Kenya Gambling Control Bill 2023 proposes new regulator and sweeping reform

Kenya has introduce a Gambling Control Bill in an effort to establish a new Gambling Regulatory Authority.

The Gambling Control Bill 2023, currently before parliament, establishes a new Gambling Regulatory Authority. Once approved, it will replace the current Betting, Control and Licensing Board (BCLB).

KENyA GAMBLING CONTROL BILL 2023 TO INTRODUCE NEW AUTHORITY

Incorporating the board’s present mandate, the new Authority will also be responsible for both licensing and regulation.

“The bill seeks to regulate betting, casinos and other forms of gambling, including the authorisation of prize competitions, public lotteries and media promotions,” the bill states.

The state-backed Gambling Control Bill is sponsored by National Assembly Majority leader Kimani Ichung’wah.

Cracking down on unlicensed and underage gambling

The newly-introduced Gambling Control Bill is designed to greatly enhance the board’s original mandate.

This follows previous statements in 2022 that the majorit..

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Tag: Sports betting regulation