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Brazil’s Senate Delays Crucial Vote on Sports Betting Bill Amid Online Casino Controversy

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The Brazilian Senate‘s decision on the future of sports betting has hit a crucial delay, throwing the spotlight on the country’s approach to gambling regulation.

Amid heightened anticipation, Bill 3,626/23, which could shape the landscape of sports betting in Brazil, was set for a defining vote. However, the inclusion of online casino gaming sparked intense debates among senators, leading to an unexpected postponement.

This decision has the potential to transform Brazil’s gambling industry, introducing new opportunities and challenges. It represents a pivotal moment where Brazil can establish a regulated, thriving sports betting market, balancing economic growth with responsible gaming.

Stay tuned to this unfolding story, as it not only impacts the future of sports betting in Brazil but also sets a precedent for how emerging markets approach the complex world of online gambling legislation.

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Brazil’s Sports Betting Legislation: A Tug-of-War Over Online Casino Inclusion

Brazil witnessed a significant development in its journey towards legalizing sports betting as the final Senate vote on Bill 3,626/23 was postponed. The delay, largely attributed to discord over the incorporation of online casino gaming into the bill, underscores the complexities involved in shaping gambling legislation.

The Heart of the Debate

The bill, which aimed to legalize and regulate sports betting, encountered a roadblock when senators, including Eduardo Girão and Carlos Portinho, raised concerns over the sudden addition of online casino gaming. This amendment, proposed by former rapporteur Adolfo Viana of the PSDB in September, received approval from the Chamber of Deputies. However, the senators opposing this inclusion argued that Brazil lacks a comprehensive regulatory framework for online casinos. They emphasized the need for more deliberation, especially considering the over 100 amendments made to the bill since its introduction.

Taxation and Economic Considerations

Another key aspect of the bill discussed by the Senate Economic Affairs Commission (CAE) involves setting tax rates for sports betting operators and player prizes. The CAE advocated for a 12 percent tax on operators and a 15 percent tax on player winnings. These rates are significantly lower than the 18 percent and 30 percent initially proposed by the Ministry of Finance, a decision motivated by the desire to attract both consumers and businesses to Brazil’s newly regulated federal sports betting market.

Awaiting a New Vote Date

As of now, no new date has been scheduled for the Senate vote on the bill. The absence of Senate President Rodrigo Pacheco, who was attending the COP-28 Climate Summit in Dubai, contributed to the delay. This postponement signifies a crucial juncture in Brazil’s legislative process, reflecting the nation’s cautious approach toward expanding its gambling industry, particularly in the realm of online casinos.

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Broader Implications for Brazil’s Gambling Industry

This legislative pause is more than just a procedural hiccup; it represents a critical moment for stakeholders in Brazil’s burgeoning gambling sector. The eventual decision on this bill will not only shape the country’s sports betting landscape but also influence its stance on online gambling. As Brazil navigates these legislative waters, the global gambling community watches closely, recognizing the country’s potential as a major player in the international gambling market.

The outcome of this debate and the subsequent vote will undoubtedly have far-reaching implications, setting the tone for future regulatory developments in the Brazilian gambling industry.

Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.

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Daily News

SOFTSWISS Jackpot Aggregator Sees 2.6x Surge in Bets: 2023 Report

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In a dynamic year for the iGaming industry, the SOFTSWISS Jackpot Aggregator has released its 2023 report, offering insights into significant trends and achievements.

Notably, the report reveals a staggering 2.6 times increase in bets participating in jackpots, shedding light on the growing appeal of these mechanics among operators and players alike.

A Year of Remarkable Growth

Throughout 2023, bets participating in jackpots experienced consistent quarterly growth, witnessing a remarkable 165% increase from January to December. By the end of the year, the total value of these bets had surged to an impressive 6.396 billion euros. Moreover, the number of jackpot campaigns witnessed a substantial growth of 3.8 times compared to the previous year, totaling 230 campaigns.

Expanding Reach and Impact

One of the standout achievements of 2023 was the expansion of the Jackpot Aggregator’s footprint. The number of brands utilizing its jackpot solution tripled within the year, culminating in over 70 active brands by year-end. This surge in adoption reflects a heightened level of market trust and interest in the product.

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Introducing the Prime Jackpot Campaign

A significant milestone of 2023 was the introduction of the Prime Jackpot campaign, which debuted in Q4. This innovative feature garnered considerable attention and interest from players across various casinos. The Prime Jackpot campaign allows operators to participate in shared prize pools, ensuring that rewards are drawn from the collective pool rather than from a specific brand operator. This approach not only offers larger rewards to attract more players but also enhances player engagement and loyalty while optimizing operational costs for operators.

Insights from SOFTSWISS

Aliaksei Douhin, Head of SOFTSWISS Jackpot Aggregator, shared his insights into the year’s achievements. He emphasized the noticeable increase in clients and connected casino brands, as well as the growing volume and value of bets in jackpots. He expressed satisfaction in witnessing clients actively embracing the Jackpot Aggregator and recognizing the added value it brings to their brand operations. The solution empowers operators to provide players with enhanced gaming experiences and more enticing winnings. Client feedback is actively collected and analyzed to ensure clients have access to the most sought-after tools and mechanics.

Looking Ahead to 2024

In 2024, the SOFTSWISS Jackpot Aggregator is set to extend its reach to a wider spectrum of clients. This expansion will be guided by a customized approach, ensuring that each client can tailor the product’s capabilities to meet their specific requirements.

Meet SOFTSWISS at ICE London

The SOFTSWISS Jackpot Aggregator team will be present at ICE London from February 6th to 8th, 2024. They are ready to showcase their latest advancements and engage in discussions with existing and potential clients.

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About SOFTSWISS

SOFTSWISS is a renowned international iGaming company that offers certified software solutions for managing gambling operations. With a dedicated team of over 2000 employees spread across Malta, Poland, and Georgia, SOFTSWISS holds multiple gaming licenses and provides comprehensive iGaming software solutions. Their diverse product portfolio includes the Online Casino Platform, the Game Aggregator featuring thousands of casino games, the Affilka affiliate platform, the Sportsbook software, and the Jackpot Aggregator. In 2013, SOFTSWISS made history by introducing the world’s first Bitcoin-optimized online casino solution.

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