Brazil Takes Another Step Forward With Regulated Sports Activities Betting Plans

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  • The Ministry of Finance recommends creating the National Gaming and Lottery Secretariat, in accordance with Brazilian media outlet Hoje Em Dia.

Brazil’s Ministry of Finance plans to present a provisional measure (PM) on sports betting to Congress. With illegal playing being worth an estimated $6 billion yearly, it’s no surprise that the Brazilian government is beginning to reconsider its stance on playing. With the financial system struggling, legalising and regulating the market could prove extraordinarily helpful.

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