*Brazil lower house approves gambling bill* 👍 Brazil's Chamber of Deputies have approved the country's gambling bill, which regulates sports betting and online casino. 💬 The bill now heads to the Federal Senate, which has 45 days to comment. The proposed law includes: ⚽ 18% revenue tax (rising to 31-34% after additional contributions) ⚽ R$30m licence fee for three year term ⚽ Bonus ban ⚽ Ban on foreign operators https://lnkd.in/eMevAbj4
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1yI am the only one who thinks that the new legislation sounds quite terrible? 🤣 Let’s see whether they will be able to limit the use of “grey-market” casinos in Brazil effectively… 🫠