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Sports Betting In Play As Brazil Lottery Bill Advances

Brazil’s government would be granted a window of two years to regulate online and land-based sports betting under the terms of a lottery reform bill approved on Wednesday by a joint committee of Congress.

Legislation to expressly authorize fixed-odds sports betting was advanced in Congress after being included as an amendment to an urgency measure first proposed in August by Brazil’s government to reallocate certain revenues from approved lottery games to help fund public security, cultural and sports programs.

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