Brazil’s Betting Authorization Deadline Passes as Ban Faces Review

Brazil's 30-day deadline for existing fixed-odds betting authorizations expired Oct. 25 under a measure that remains in force, while Congress and the Supreme Federal Court weigh its future. The measure barred new deposits on publication and required betting sites and apps to go offline after 10 days. Its 30-day period applied to existing authorizations, so Oct. 25 was their deadline to end, not the date the shutdown began. The measure remains in force, while its lasting status is unresolved as Congress reviews it and a court challenge proceeds. A temporary court order protected Stake Brazil’s authorization through Oct.

Source: TokenPost