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Regulators defend betting laws during day one of Brazil’s Supreme Court hearing

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Regulation

2024-11-14

Regulators defend betting laws during day one of Brazil’s Supreme Court hearing

On 11 November Brazil’s Federal Supreme Court (STF) initiated a two-day hearing investigating the effects of betting in Brazil. On day one of the session, both the federal and state regulators spoke on the value of the sector, sharing concerns on the black market and how overturning the betting law could increase illegal betting activity.

The session was called after the country’s third biggest trade union, the National Confederation of Trade in Goods, Services and Tourism (CNC) requested betting laws No 14,790/2023 and 13,756/2018 be declared unconstitutional. The body filed an ADI (Ação Direta de Inconstitucionalidade), a legal action in Brazil that aims to overturn a law that acts against the nation’s Constitution.

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