Federal Government Bans Fixed-Odds Betting In Brazil

Provisional Presidential Decree No. 1,394 has banned the operation, offering, intermediation, and advertising of fixed-odds betting in Brazil. The ban covers sports betting and online gaming, whether conducted in physical or virtual environments, including when offered by companies based abroad to individuals located in Brazil. Other forms of lottery activities authorized by law were not affected.

The regulation took effect on September 25 and set deadlines for the removal of platforms, refunds of amounts owed to bettors, and the termination of existing authorizations. The decree also established obligations for financial institutions, technology companies, and other industry players.

Although the measure takes effect immediately, it must be approved by Brazil’s Chamber of Deputies and the Federal Senate to become law. Congress has 60 days, automatically extendable for another 60 days, to approve, amend, or dismiss the decree. The measure will expire after this term.