Brazil: No to Legal Sports Bets

Brazilian President Dilma Rousseff (l.) has vetoed legislation that would have authorized legal sports betting. Though Rousseff signed the so-called “MP Football bill,” she vetoed dozens of clauses including the fixed-odds section.

Brazil’s President Dilma Rousseff has nixed legal sports betting in the country for now, saying it “would require a more comprehensive regulation to ensure greater legal and economic security to the sport, adequate levels of fraud control and tax evasion.” Rouseff signed off on the so-called “MP Football bill,” which was passed in the senate in July, but not before vetoing some 36 sections, including one related to fixed-odds betting. She said the bill as it was submitted lacked mechanisms “to prevent possible social impact,” according to Calvinayre.com.

Rousseff added an amendment to existing laws that will hand down stiff fines to citizens caught gambling in public. The law applies to both land-based and online bets and will levy fines of R2,000 (US$575) to R200,000.