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Once Brazil's new sports betting and igaming regulatory framework is adopted, the country will establish a nationwide sports betting marketplace.
Lula, Brazil's president, signed Bill PL3626/23 into law on December 30 following a 21st-of-December vote by the Chamber of Deputies to support the measure.
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About time.
Also, soccer games are gonna get crazier with all the new action there,
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do we know if there are limits on wagering? or will they have less restrictions that some US markets where college betting has limits and such?
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Although the Brazil sports betting bill was signed into law last December 2023, the Ministry of Finance still hasn't completed the rules and regulations for online sportsbooks and casinos. Thus, we still don't know about restrictions and wagering limits.
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