• About
  • FAQ
  • Earn Bitcoin while Surfing the net
  • Buy & Sell Crypto on Paxful
Newsletter
Approx Foundation
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Approx Foundation
No Result
View All Result
Home Market

Brazil Weighs Banning Online Casino Games by Decree

Moussa by Moussa
September 18, 2026
in Market
0
Brazil Weighs Banning Online Casino Games by Decree
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin, Ether ETFs Lose $520M as XRP Bucks Fed Rate-Hike Selloff

Bitcoin, Ether ETFs Lose $520M as XRP Bucks Fed Rate-Hike Selloff

September 17, 2026
7 Democratic Senators Vow to Keep Pushing CLARITY Act After Setback

7 Democratic Senators Vow to Keep Pushing CLARITY Act After Setback

September 17, 2026


Key Takeaways

  • Brazil’s government is drafting a decree that would prohibit online casino games outright.
  • Licensed operators paid $5.8 million each for five-year licenses now at risk.
  • Football clubs put their sponsorship exposure at about $194.9 million a year.

An Extinction-Level Threat

President Lula, who is less than three weeks from an election with negative approval ratings, has called betting a disease rather than a game this week, and the induction of innocents into an addiction. The instrument his government is preparing is a provisional measure setting out a total ban.

A provisional measure takes effect on publication and is only afterward sent to Congress, where lawmakers have 60 days to convert it into law. The ruling Workers’ Party filed a bill to ban online gambling outright in April, which went nowhere, explaining this choice.

Operators and clubs had expected limits on casino games or curbs on advertising placement and scheduling rather than a ban. As of Wednesday night, the decision was to ban everything, according to UOL, whose reporters described the government as treating the text as close to an extinction of online gaming in the country. The restriction on sports betting is still subject to a final adjustment, with several options on the table, but the position as of midweek was prohibition.

Brazil’s regulated market has been running since the beginning of 2025. The Secretariat of Prizes and Bets, the Finance Ministry body that licenses the sector, currently registers 85 authorized companies, according to the operators’ association ABRAJOGO. Each license costs $5.8 million (R$30 million, at Sept. 17 rates), covers up to three brands and runs for five years, with authorized sites operating on .bet.br domains. Brazilian football estimates it would lose around $194.9 million (R$1 billion) in sponsorship. Flamengo, Corinthians, Palmeiras and São Paulo each hold betting deals worth more than $19.5 million (R$100 million) a year, and the clubs are drafting a joint statement calling the initiative electioneering and a product of the government’s failure to confront illegal gambling. Broadcasters are also resisting, since they carry the advertising – Globo, which broadcasts the football, owns a betting operation of its own.

Operators intend to take the measure to court, and the regional precedent is not encouraging for a decree-first approach: Colombia’s courts blocked President Gustavo Petro’s emergency gambling VAT and forced him to seek congressional approval instead. Compliance body ABC-BET’s open letter asks the government not to weaken the regulated market but to break the economic chain supporting illegal platforms, through cooperation with banks, payment processors and advertising networks. Brazil has moved in that direction before, gaining the power to freeze illegal operators’ funds rather than merely block their sites in June, and ordering tobacco-style warnings on all betting advertising in July. The regulator itself has argued for milder restrictions on licensed operators and for directing enforcement at clandestine platforms instead.



Source link

Share76Tweet47

Related Posts

Bitcoin, Ether ETFs Lose $520M as XRP Bucks Fed Rate-Hike Selloff

Bitcoin, Ether ETFs Lose $520M as XRP Bucks Fed Rate-Hike Selloff

by Moussa
September 17, 2026
0

Key TakeawaysBitcoin and ether ETFs lost $520.09M on Wednesday after the Fed’s first rate hike since 2023.XRP, solana, and HYPE...

7 Democratic Senators Vow to Keep Pushing CLARITY Act After Setback

7 Democratic Senators Vow to Keep Pushing CLARITY Act After Setback

by Moussa
September 17, 2026
0

Key TakeawaysSeven Democratic senators renewed their commitment to the CLARITY Act.The Senate rejected cloture on H.R. 3633 in a 49-50...

Deutsche Bank Brings Bitcoin Custody to Europe’s Institutional Set

Deutsche Bank Brings Bitcoin Custody to Europe’s Institutional Set

by Moussa
September 16, 2026
0

Key TakeawaysAccording to the bank’s announcement on Wednesday, Deutsche Bank plans bitcoin and ether custody later in 2026.Deutsche Bank reported...

Grayscale Makes XRP a Core Holding in New Crypto Model Portfolios – Bitcoin News

Grayscale Makes XRP a Core Holding in New Crypto Model Portfolios – Bitcoin News

by Moussa
September 16, 2026
0

Key TakeawaysGrayscale’s XRP ETF ranks among the three largest allocations in both the Leaders and Next Gen models.The XRP ETF...

NBKR and CertiK Establish Long-Term Strategic Partnership on Digital Som Security and Digital Asset Oversight

NBKR and CertiK Establish Long-Term Strategic Partnership on Digital Som Security and Digital Asset Oversight

by Moussa
September 15, 2026
0

The National Bank of the Kyrgyz Republic (NBKR) and CertiK have signed a Memorandum of Understanding (MoU), establishing a long-term...

Load More

youssufi.com

sephina.com

[vc_row full_width="stretch_row" parallax="content-moving" vc_row_background="" background_repeat="no-repeat" background_position="center center" footer_scheme="dark" css=".vc_custom_1517813231908{padding-top: 60px !important;padding-bottom: 30px !important;background-color: #191818 !important;background-position: center;background-repeat: no-repeat !important;background-size: cover !important;}" footer_widget_title_color="#fcbf46" footer_button_bg="#fcb11e"][vc_column width="1/4"]

We bring you the latest in Crypto News

[/vc_column][vc_column width="1/4"][vc_wp_categories]
[/vc_column][vc_column width="1/4"][vc_wp_tagcloud taxonomy="post_tag"][/vc_column][vc_column width="1/4"]

Newsletter

[vc_raw_html]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[/vc_raw_html][/vc_column][/vc_row]
No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2024 APPROX FOUNDATION - The Crypto Currency News