Brazil: SECAP approves sports betting laws
The SECAP has approved the regulation of sports betting without new adjustments, which means that the law will remain in its original form.
Brazil.- The Secretariat of Public Policy Evaluation, Planning, Energy and Lottery of the Ministry of Finance (SECAP.ME) has approved the regulation of sports betting without new adjustments. Thus, the law will continue in its original form and SECAP-ME will be able to send to Congress the necessary adjustments to modernise the legislation.
SECAP-ME has regulated Law 13.756 / 18 in its original form and it seems that the prescribed acts will be assigned by means of the regulatory decree. The problem is that the percentages established in the original text are not aligned with the best practices of the international market. One of the necessary adjustments would be to modify the gross income tax of the game (GGR), which is the gross collection minus the prize paid to the players.
Other betting regulation in Brazil
The Chamber of Deputies of Brazil has approved a measure that treats a project to change the administration of sports clubs. The proposal had been previously discussed, but now it will be formally treated by lawmakers.
The decision accelerates the project, which will no longer have to go through committees before being considered in a plenary vote. With 329 votes in favour, the urgency for processing the bill was approved last week.
As established by the legislative piece, clubs would start operating as businesses, as it proposes a benefits package for clubs to abandon the structure of a civil association to migrate as one like a company. In addition, they may choose to operate as a limited company or as a corporation.
Deputy Pedro Paulo said on social media: “First victory! We have just approved the urgency for the plenary vote of the Club-Enterprise project. We will professionalise Brazilian football and make it an economic power since it is our national passion.”
