Brazil’s President Luiz Inácio Lula da Silva has actually signed the nation’s betting law, making sports wagering legal in Brazil.
The post Sports wagering & & igaming legal in Brazil in 2024 appeared initially on Livecasino24.com.
Set to take result in 2024, the law lays out an extensive structure for the guideline of sports wagering and online video gaming in Brazil. Important conditions for a betting business consist of having its head office based in Brazil and a Brazilian partner holding at least 20% of the business’s capital. The expense of getting a license in Brazil is set at R$ 30 million (EUR5.6 million), with the license legitimate for a duration of 5 years. In light of Brazil’s continuous battle with a match-fixing scandal, the Brazilian Institute for Responsible Gambling (IBJR) has actually started a cooperation with the International Betting Integrity Association (IBIA) to resolve the problem and promote the stability of sports wagering in the nation.