Sportsbook Operators Attend Brazilian Government Meeting for Public Discussion
Brazil's Deputy Junio Mano has submitted a proposal that could potentially hinder the government's efforts in discovering additional sources of income. This proposition emerges as the finance minister advocates for a levy on sports betting.
Mano is requesting these essential authorities to review Haddad's tax proposal before it's officially presented. He submitted his motion to the Finance and Taxation Commission as reported by Games Magazine Brazil.
The agenda aims for a roundtable meeting with key government officials and sportsbooks to debate Finance Minister Fernando Haddad's request for a tax plan before the current month's end.
Mano admits the immense sum of money in question and seeks parliamentarians and operators to be part of this discussion. He's asking for the participation of several government officials, which include Haddad and Undersecretary of Economic Reforms Marcos Barbosa Pinto.
Additionally, Mano wants to involve the country's sportsbooks in this dialogue. These include Bet365, Sportingbets, and Pixbet. He's inviting Alexandre Fonseca of Betano, who is also the Vice President of Brazil's National Association of Gaming and Lotteries, at this discussion.
At present, sports betting isn't federally regulated in Brazil. Legislation aimed at governing this industry has been in process for several years, which has resulted in individual states like Rio de Janeiro devising their own regulatory frameworks.
Fostering Enterprise
Three new entities have emerged recently to stimulate growth in the industry.
Initially, the National Association of Games and Lotteries held their inauguration on March 15. This organization, consisting of gaming operators, aspires to have a significant influence on government gambling policies.
Since early March, the Brazilian Institute of Responsible Gaming and the Brazilian Association of Integrity have arisen. The former, initiated by operators a week ago, aims to alter public perception regarding gambling. The latter, formed two weeks ago, includes Genius Sports, Entain, and other participants. They will concentrate on morality and transparency in sports.
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