Brazil legalizes fixed-odds betting (Law 13.756, December 2018)
Brazil legalized fixed-odds sports betting in December 2018. The law created the licensing framework for sports-betting operators, though the rules took years to implement.
The 2018 law sat largely unimplemented while the government drafted regulations for the market.
Law 14.790 in December 2023 actually opened the market, extending authorization to online casino-style games and setting taxation rules.
The government's companion bill formally amends Law 13.756, the same statute it cites as the legal basis for the market, to criminalize what it once authorized.
