Article
Federal Government Bans Fixed-Odds Betting In Brazil
Brazil's Provisional Presidential Decree No. 1,394 has imposed an immediate ban on fixed-odds betting operations, including sports betting and online gaming, affecting both domestic and foreign operators serving Brazilian customers. The measure establishes strict deadlines for platform shutdowns, bettor refunds, and the termination of existing authorizations, while imposing new obligations on financial institutions, technology companies, and advertising participants.
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