Brazilian Supreme Court convenes public hearing to discuss ‘Bets Law’
Friday 27 de September 2024 / 12:00
2 minutos de lectura
(Brasilia).- On November 11, Justice Luiz Fux of the Federal Supreme Court (STF) has called a public hearing to gather experts, entities, and government bodies to discuss the regulation of online sports betting, known as ‘bets’.
This event is taking place as a result of Direct Action for Unconstitutionality (ADI) 7721, proposed by the National Confederation of Trade in Goods, Services and Tourism (CNC), which questions the constitutionality of Law 14.790/2023, which regulates fixed odds betting in Brazil.
The CNC argues that the growing popularisation of online betting has had a negative impact on the economy and public health. Since the law was passed, the organisation has observed an increase in the indebtedness of Brazilian families, especially among the most vulnerable social classes, due to high-risk financial behaviour.
In addition, CNC says that the legislation has harmful consequences for the retail trade and the domestic economy, as a significant part of household income is being directed towards online gambling, jeopardising the consumption of essential goods and services.
The organisation also points out that economic development in various regions of the country has been affected, since resources that could boost local growth are being consumed by betting.
By João Paulo Medeiros
Categoría:Legislation
Tags: Sin tags
País: Brazil
Región: South America
Event
SiGMA Central Europe
03 de November 2025
SiGMA Central Europe 2025 Closes First Edition with High Attendance and Roman-Inspired Experiences
(Rome, Exclusive SoloAzar) - The first edition of SiGMA Central Europe in Rome came to a close, leaving a strong impression on the iGaming industry. With thousands of attendees, six pavilions brimming with innovation, and an atmosphere that paid homage to Roman history, the event combined spectacle, networking, and business opportunities. It also yielded key lessons for future editions.
Friday 07 Nov 2025 / 12:00
Innovation, Investment, and AI Take Center Stage on Day 3 of SiGMA Central Europe
(Rome, SoloAzar Exclusive).- November 6 marks the final and most dynamic day of SiGMA Central Europe 2025, with a packed agenda that blends cutting-edge tech, startup energy, and investor engagement. With exhibitions, conferences, and networking opportunities running throughout the day, Day 3 promises to close the event on a high note.
Thursday 06 Nov 2025 / 12:00
SiGMA Central Europe Awards 2025: BetConstruct Wins Innovative Sportsbook Solution of the Year
(Malta).- BetConstruct has been recognised at the SiGMA Central Europe Awards 2025, receiving the Innovative Sportsbook Solution of the Year award. This achievement highlights the company’s continued focus on elevating retail betting experiences and supporting operators with solutions that create measurable business value.
Wednesday 05 Nov 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.