Brazils upper legislative house has made significant progress in overseeing wagering on athletic events by assigning Senator Angelo Coronel as the lead on legislation 3626/23. This legislative proposal seeks to create a comprehensive structure for sports wagers and internet-based gaming within the nation.
A consistent supporter of decriminalizing various types of gambling in Brazil, Senator Coronel formerly held the position of lead on bill 186 in 2014, which aimed to legalize gambling establishments.
Legislation 3626/23, having already received approval from the Chamber of Deputies, is presently undergoing examination with a 45-day period allotted for scrutiny. Upon completion of this evaluation, the legislation will proceed to a final decision in the Senate. This drive for unambiguous regulations is anticipated to persist beyond November 11th, as the legislative schedule operates under a constitutionally mandated expedited process.
Initiatives to regulate sports betting in Brazil have been in progress for several years. In July 2023, President Lula’s government established the foundation for this regulatory structure by enacting Provisional Measure 1,182.
Within Brazil, the nation’s leader possesses the capacity to rapidly implement legislation by employing “Temporary Decrees,” a political instrument comparable to executive orders. This absence of robust legislative scrutiny, coupled with the surge of internet-based wagering services, has propelled the expansion of athletic wagering within the country.