- Casino
- By State
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Georgia
- Florida
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Massachusetts
- Maryland
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
- By State
- Slots
- Poker
- Sports
- Esports
Fact-checked by Velimir Velichkov
Brazil’s Public Prosecutor’s Office Pushes for Loterj License Limits
The Public Prosecutor’s Office joined in support of the Attorney General's Office, requesting limits to the licenses awarded by the Rio de Janeiro State Lottery
Ahead of the launch of sports betting in Brazil, the country remains focused on ensuring the implementation of effective regulations that create a market that is competitive, fair and channels the consumers toward the legal offering. One particular focus of the government is ensuring it has all the power required for regulating gambling activities across the country.
Limits to Loterj-Issued Betting Licenses
Previously, the Rio de Janeiro State Lottery, Loterj, issued betting licenses that are valid across the country. This followed a court decision that permitted the lottery to provide such licenses. However, the government disagreed with this by engaging in a legal battle that sought to overturn the court’s decision.
The effort is led by the Attorney General’s Office (AGU) and seeks to ensure that Loterj-licensed betting operators won’t be permitted to operate across the country. The main concern with the nationwide betting availability by Loterj-licensed operators is that it would impact the stability of the market.
Now, as announced by NEXT.io, the AGU’s efforts received support from the Public Prosecutor’s Office (PGR). In a brief filed with the country’s Federal Supreme Court on Friday, the PGR supported the previously imposed preliminary injunction against Loterj, which effectively prohibited the lottery from providing betting licenses that are available nationwide.
Notably, PGR explained in its position that Loterj easing the territorial restrictions for betting licenses may disrupt the market balance. This was a similar position to the one described by the AGU. At the same time, the PGR wrote that the existing licensing regime enforced by the Loterj serves as a “perverse incentive to predatory competition between federated entities, analogous to a scenario of fiscal war.”
The Country Prepares for Sports Betting Market Launch
Brazil is scheduled to launch its legal sports betting market on January 1, 2025. Ahead of this key milestone, the country implemented a transition period starting this month, enabling operators to secure licenses. So far, more than 100 companies have secured approval to offer their services during the transition period which is expected to end on January 1.
Many recognizable gambling operators have already set their sights on Brazil, considering the market’s exceptional potential fueled by passionate sports fans. Still, some processes require finalization such as the coverage of betting licenses offered by Loterj.
Related Topics:
Jerome is a welcome new addition to the Gambling News team, bringing years of journalistic experience within the iGaming sector. His interest in the industry begun after he graduated from college where he played in regular local poker tournaments which eventually lead to exposure towards the growing popularity of online poker and casino rooms. Jerome now puts all the knowledge he's accrued to fuel his passion for journalism, providing our team with the latest scoops online.
Previous Article
Industry
October 28, 2024
Man Wins $1M on Lotto Ticket with $20 Bill Found in Parking Lot
Must Read
More Articles
Industry
November 6, 2024
Sports Betting Initiative Receives Approval from Missouri Voters
Industry
November 5, 2024
Kansas Bettors, Oblivious of Gambling Tax Regulations
Industry
November 5, 2024
$3.1M Tax Refund in Nevada Reveals Regulatory Loophole
Industry
November 5, 2024
IBJR Highlights Key Pledges in Newly Released Manifesto
Legal
November 5, 2024
Indonesia Suspends 11 Officials Who Facilitated Online Gambling
Industry
November 5, 2024
Chinese Soldiers Advised Against Online Gambling, Dating
Industry
November 5, 2024
Australia Eyes In-Stadium & Sports Jersey Gambling Ad Ban
Casino
November 5, 2024
Marnell Family Secures Approval for Ely Casino Takeover
Industry
November 4, 2024
Dutch Regulator Reprimands Operators over Sponsorship Violations
Industry
November 4, 2024
Arkansas Casino Referendum Spending Tops $30M
Industry
November 4, 2024
ESPN and ESPN BET Debut Account Linking
Industry
November 4, 2024
Reeves Says No to Online Gambling Tax Hike, Sparks Criticism
Industry
November 4, 2024
New Zealand Plans to Regulate Online Gambling by 2026