VIE 19 DE ABRIL DE 2024 - 06:45hs.
The portfolio wants measure to go into effect immediately

Brazilian Minister of Finance and Planalto disagree on sports betting regulation

The Ministry of Finance clashed with the government's political area regarding the regulation of sports betting in Brazil. While the Planalto Palace wants to wait to send the proposal, the portfolio commanded by Fernando Haddad is in a hurry and defends that a provisional measure (which has immediate effect) be sent later this month to help with the collection.

In Planalto, there is a provision to submit a bill only after the end of the Parliamentary Inquiry Commission (CPI) that investigates irregularities in sports betting, which should take months.

For members of Haddad's team, however, the extra period is part of a move by companies that want to remain irregular in Brazil in order to continue without paying taxes and without adequate supervision of match-fixing.

In addition, Finance alleges that companies that intended to enter Brazil are giving up because of the delay in regulation.

As Estadão showed, the Planalto initially studied the regulation of betting after the approval of the fiscal framework in the Chamber, through an urgent bill. The bill would be necessary to allow the creation of a regulatory agency. But now, it can wait for later.

The provisional measure (PM), on the other hand, has immediate effect and is more favorable to guarantee collection quickly, as the economic team wishes. The way out could be to slice the proposal and forward a part through the PM and another through the Bill.

The Public Prosecutor's Office at the Federal Court of Accounts (TCU) demanded, in March, the regulation of the sector. In the representation, attorney Lucas Furtado stated that there is “an omission by the public authorities to regulate the activity of promoting online sports betting” and that this could no longer be perpetuated.

"This lack of regulation can cause billionaire damage to public coffers," stated Furtado.

Source: Estadão