Key Moments: The Senate Committee on Science and Technology approved Bill 3,563/2024. The proposal bans all advertising and sponsorship linked to sports betting and online gambling. Additionally, the bill establishes strict penalties for violations. These include fines of up to R$10,000,000 and permanent license revocation. Moreover, betting on election outcomes is explicitly prohibited. Infractions may result in fines ranging from R$50,000 to R$500,000. Comprehensive Ban on Betting Promotion Advances The Senate Committee on Science and Technology (CCT) has approved Bill 3,563/2024. Overall, the proposal seeks to eliminate all forms of…
Read MoreBrazil Moves Closer to Banning Sports Betting and Online Gambling Advertising
