Brazilian Present Signed A Law On The Legalization Of Sports Betting

Brazilian present signed a law on the legalization of sports rates in the country. International betting operators are waiting for the new market for them.

Source photo: lmneuquen.Com

On december 12, brazil president michel temer siged the legislative act 846/2018, aimed at revising the distribution of income from the lottery, as well as allowing betting. For the country bet on sports compettions will be legalized.

The temer took over the post three weeks ago. In the signing of the bill, ministers of sports, culture, public security and human rights took part, as well as representatives of departments that will be traded by income from gambling. The head of state called this event «historical day for public security, culture, sports and, above all, for brazilians».

The bill was approved fairly quickly: first by the committee of the cember of november, and the document passed through the entire chamber and the senate on parallel meetings in less than two weeks.

The ministry of finance brazil will now have two years to develop rules for regulating sports rates and make a decision on who will receive the right to manage the new industries.

Recall: in august of the current year, loterias caixa, a division of the state bank of brazil caixa economica federal, reported on the launch of a new online lottery service. According to the study, the product was gaining great popularity in women.