Brazil’s interim president plans to form a state-run online sports betting company that will eventually be privatized along with the country’s instant lottery business.
For years now, Brazil has been attempting to pass legislation that would authorize brick-and-mortar casinos, video bingo terminals, the jogo de bicho numbers game and online sports betting and casino sites. However, legislators have so far failed to turn these attempts into actual laws.
An already overdue gambling vote was scheduled for last Wednesday but was delayed at the last minute because pro-gaming legislators weren’t sure that they had the necessary votes. Another vote was scheduled for Tuesday, but some reports have the vote now being delayed until August in order to craft a bill that a majority can support. (One legislative draft making the rounds would ban online gambling altogether, so perhaps a delay is a good thing.)
On Tuesday, local media outlet Folha de S. Paulo reported that interim president Michel Temer (pictured) wants to create a state-run online sports betting company that will look to partner with an experienced international operator. The government would hold a minority stake in the company.