In a significant move towards regulating Brazil’s sports betting market, Senator Angelo Coronel has been appointed as the Rapporteur for Bill 3626/23. This proposed legislation seeks to establish a comprehensive regulatory framework for sports betting and online gaming in the country. Senator Coronel, known for his proactive stance on legalizing various forms of gambling in Brazil, now plays a crucial role in shaping the future of the sports betting industry in the nation.
Bill 3626/23 – A Framework for Regulation:
Bill 3626/23 aims to create a robust regulatory framework for sports betting and online gaming in Brazil.
The legislation has already received approval from the Chamber of Deputies Plenary and is now undergoing review in the Senate.
Senator Angelo Coronel’s Advocacy:
Senator Coronel has been a vocal advocate for the legalization of different forms of gambling in Brazil.
Previously serving as the Rapporteur for Bill 186/2014, which aimed to legalize casinos, he brings extensive experience to this new role.
Legislative Progress:
Bill 3626/23 has undergone 49 amendments within the Senate’s Sports Commission (Cesp).
The proposed legislation is now in the process of being reviewed by both the Economic Affairs Committee and Cesp, with a specified timeframe of 45 days.
The Path Forward:
Following the thorough examination by these committees, the proposal will be presented to the Senate Plenary.
The legislative agenda, operating under a constitutional urgency regime, aims to provide much-needed clarity to the sports betting sector.
Ongoing Regulatory Efforts:
The endeavor to regulate sports betting in Brazil has been ongoing for several years, reflecting the growing interest in this sector.
In July 2023, President Luiz Inácio Lula da Silva signed Provisional Measure No. 1,182, which laid the foundation for sports betting regulations in the country.
Provisional Measure 1,182:
Provisional Measure 1,182, or ‘Medida Provisória’ in Portuguese, grants the President of Brazil the authority to enact policies that can be expedited to Congress.
This measure represents a significant step towards establishing a legal framework for sports betting.
Growth in the Brazilian Sports Betting Market:
The sports betting market in Brazil has witnessed steady growth, primarily driven by offshore operators.
The absence of federal regulations has allowed international operators to capture a significant market share.
The appointment of Senator Angelo Coronel as the Rapporteur for Bill 3626/23 signals a significant step forward in the regulation of sports betting in Brazil. With the legislation progressing through various legislative committees, Brazil is poised to bring clarity and structure to its sports betting sector. This move reflects the nation’s efforts to align with global best practices while addressing the demand for legal and regulated sports betting services.