Brazil Calls Its Own Betting Laws Unconstitutional as Shutdown Begins

Brazil operators to start winding down local presence

Following Brazil President Lula da Silva’s provision to ban all legal gambling, previously licensed operators now must take all their websites and apps down starting today, 6 October. In addition, throughout tomorrow (7 October) and the day after (8 October), companies must also provide banks with all details about the net amounts still held in […]

Blask Weekly Digest: Brazil's index fell 78.2% before ban

Brazil’s Blask Index falls 78.2% in a week as licensed betting heads for 6 October shutdown. Brazil’s Blask Index fell 78.2% in the week of 28 September to 4 October, the second weekly fall since President Luiz Inácio Lula da Silva signed Medida Provisória 1.394 on 25 September. The week before, the index fell 20.1%. […]

Brazil's Betting U-Turn: Why Licensed Operators Face Shutdown as Government Kills Its Own Laws

What happened Brazil’s government has gone to the Supreme Court asking it to strike down the very betting laws it… Read the original on Brazil’s Betting Laws Face Supreme Court Reversal as Operators Risk Shutdown. For more crypto news and analysis, visit TheCurrencyAnalytics.com.

Brazil Calls Its Own Betting Laws Unconstitutional as Shutdown Begins

Brazil’s government has asked the Supreme Court to strike down the core of the laws that created its licensed betting market, two years after defending them. The filing landed days before licensed sites go dark on Oct. 6, with Justice Luiz Fux yet to rule on industry requests to suspend the ban. Government Lawyers Say […]