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After facing numerous obstacles and amendments, Brazil's president has signed the Provisional Measure No. 1.182 (PM) to legalize sports betting in the country. The next step involves the approval of the National Congress, while the establishment of a regulatory body, the National Secretariat for Games and Betting (SNJA), is also underway. However, the law still prohibits foreign operators from entering the Brazilian market, and strict regulations on advertising and responsible gaming will be enforced.
Source:
news.worldcasinodirectory.com
Source:
After Years of Waiting, Sports Betting Finally Legalized in Brazil
After almost five years of waiting and fighting, the President of Brazil Luiz Inácio Lula da Silva approved the provisional measure to legalize sports betting.
news.worldcasinodirectory.com