Brazil president signs decree to privatize sports betting

[The Buzz]

Brazilian President Jair Bolsonaro signed a decree last week that formally adds sports betting to the country’s Investment Partnership Program portfolio and national privatization program. The decree also gives state-owned bank Banco Nacional de Desenvolvimento Econômico e Social and the Ministry of the Economy control of the process to select sports betting operators.

From SBC Americas:

Currently, the PPI portfolio includes 158 projects, with 13 different policies to carry out the privatizations, which don’t have a specific date but are part of a government process, according to Special Secretary of the PPI Martha Seillier.

The interest around football in Brazil has attracted a number of international operators seeking to establish their brands in the region in the face of the imminent regulation of the sports betting vertical. Such is the case of Swedish giant Betsson, which acquired a 75% majority shareholding in Brazilian operator Suaposta back in December 2019.

Speaking to SBC, Andre Gelfi, Managing Director of Betsson Suaposta, described the decree as “an important milestone in this process”. He added: “It basically ratifies the regulator’s plan and its timeline. It’s a formal step in the administrative process and I believe that it’s a demonstration that it is now on a different scale.”

Read more here: https://sbcamericas.com/2020/08/20/b...ing-in-brazil/

[big fish]

Sports betting in Brazil / Brasil is already huge and this is only going to make it a stronger market.

This is great news!

I've recently started a sports betting blog for Brazilians on https://apostaesportiva.me - Aposta Esportiva is similar to "sports betting" in Brazilian Portuguese. Its a new site still in the works and I'm looking for native speaking Brazilian's to help with content creation.

Please message me if your from Brazil and you would be interested in writing local football news and sports betting reviews/tips for apostaesportiva.me.

Thanks everyone!