Brazil’s Senate Races Against the Clock to Regulate Sports Betting

Brazilian Senator Angelo Coronel has been selected to spearhead bill 3626/23 in the nation’s Senate. This legislation is significant as it seeks to ultimately govern the sports wagering sector in Brazil, encompassing everything from physical betting establishments to digital platforms. Coronel is a prominent supporter of legalizing gambling and has a background with this topic, having previously led an initiative to legalize casinos in 2014.

The legislation itself has already received approval from the Chamber of Deputies but underwent modifications by the Senate’s Sports Committee. Presently, it is being scrutinized by both the Economic Affairs Committee and the Sports Committee, who are collaborating to examine it over a 45-day timeframe. Upon completion of their review, the full Senate will cast a vote on the bill.

There is a feeling of immediacy surrounding this legislative action, particularly with a November 11th cutoff date approaching. Following that date, the legislative agenda will transition to concentrate on constitutional issues, making its passage critical. This drive for regulation has been in progress for several years, gaining considerable momentum in July 2023 when President Lula da Silva endorsed a temporary measure that established the foundation for a lawful sports betting structure.

In Brazil, the nation’s leader possesses significant influence in advancing his objectives through the legislative branch. One method at his disposal is known as a “Provisional Measure,” empowering him to implement legislation without a complete vote. This mechanism has gained importance in the realm of sports wagering, which has experienced rapid growth in Brazil with limited government regulation. While international firms have capitalized on this situation, numerous stakeholders are now questioning whether national legislation is necessary to oversee the industry.