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Notice of Kambi Group Plc Extraordinary General Meeting 2023
In terms of Articles 41 and 42 of the Articles of Association of the Company
NOTICE IS HEREBY GIVEN that that AN EXTRAORDINARY GENERAL MEETING (the “Meeting”) of Kambi Group plc, company number C 49768 (the “Company”) will be held on Monday 19 June 2023 at 11.00 CEST at Kambi, Hälsingegatan 38, 113 43 Stockholm, Sweden, to consider the following Agenda. The registration of shareholders starts at 10.30 CEST.
Right to attendance and voting
• To be entitled to attend and vote at the Meeting (and for the purpose of the determination by the Company of the number of votes they may cast), shareholders must be entered on the Company’s register of members maintained by Euroclear Sweden AB by Monday 29 May 2023
• Shareholders whose shares are registered in the name of a nominee should note that they may be required by their respective nominee/s to temporarily re-register their shares in their own name in the register of members maintained by Euroclear Sweden AB in order to be entitled to attend and vote (in person or by proxy) at the Meeting. Any such re-registration would need to be effected by Monday 29 May 2023. Shareholders should therefore liaise with and instruct their nominees well in advance thereof.
• To be entitled to attend and vote in person at the Meeting, shareholders must notify Euroclear Sweden AB of their intention to attend the Meeting by Monday 29 May 2023 and can do so by (i) e-mail to [email protected] or (ii) mail to: Kambi Group plc, c/o Euroclear Sweden AB, Box 191, SE-101 23 Stockholm, Sweden or (iii) by phone on +46 8 402 9092 during the office hours of Euroclear Sweden AB. Notification should include the shareholder’s name, address, email address, daytime telephone number, personal or corporate identification number, number of shares held in the Company, as well as details of any proxies (if applicable, in the case that the shareholder has appointed a third party representative to attend the Meeting in their stead). Information submitted in connection with the notification will be computerised and used exclusively for the Meeting. See below for additional information on the processing of personal data.
Shareholders’ right to appoint a proxy
• A shareholder who is entitled to attend and vote at the Meeting, is entitled to appoint one or more proxies to attend and vote on his or her behalf. A proxy need not also be a shareholder. If the shareholder is an individual, the proxy form must be signed by the appointer (or his authorised attorney) or comply with Article 126 of the Articles. If the shareholder is a corporation, the proxy form must be signed on its behalf by an authorised attorney or a duly authorised officer of the corporation or comply with Article 126 of the Articles.
• Proxy forms must clearly indicate whether the proxy is to vote in their discretion or in accordance with the voting instructions sheet attached to the proxy form. Your proxy shall vote as you have directed in respect of the resolutions set out in this notice or on any other resolution that is properly put to the meeting. If the proxy form is returned to the Company without any indication as to how the proxy shall vote, generally or in respect of a particular resolution, the proxy shall exercise their discretion as to how to vote or whether to abstain from voting, generally or in respect of that particular resolution (as applicable).
• Where the shareholder is a corporation, a document evidencing the signatory right of the officer signing the proxy form, must be submitted with the proxy form. Where the proxy form is signed on behalf of the shareholder by an attorney (rather than by an authorised representative, in the case of a corporation), the original power of attorney or a copy thereof certified or notarised in a manner acceptable to the Board of Directors must be submitted to the Company, failing which the appointment of the proxy may be treated as invalid.
• The original signed proxy form and, if applicable, other supporting documents (required pursuant to the above instructions), must be received by Euroclear Sweden AB no later than Monday 29 May 2023 by (i) e-mail to [email protected] or (ii) mail to: Kambi Group plc, c/o Euroclear Sweden AB, Box 191, SE-101 23 Stockholm, Sweden. Shareholders are therefore encouraged to submit their proxy forms (and other supporting documents, if any) as soon as possible.
• Proxy forms are available on the Company website www.kambi.com under the General Meetings section
• Aggregated attendance notifications and proxy data processed by Euroclear Sweden AB must be transmitted to and received by the Company by email at [email protected] not less than 48 hours before the time appointed for the Meeting and in default shall not be treated as valid
Agenda
1. Opening of the Meeting
2. Election of Chairman of the Meeting
3. Drawing up and approval of the voting list
4. Approval of the Agenda
5. Determination that the Meeting has been duly convened
6. Election of two persons to approve the minutes
Special Business (Extraordinary Resolutions)
7. THAT the Directors be and are hereby duly authorised and empowered in accordance with Articles 85(1) and 88(7) of the Companies Act and Article 3 of the Articles, on one or several occasions prior to the date of the next Annual General Meeting of the Company, to issue and allot up to a maximum of 3,127,830 Ordinary ‘B’ shares in the Company of a nominal value of €0.003 each (corresponding to a dilution of 10% of total shares as at the date of the notice to the 2023 Annual General Meeting) for payment in kind or through a direct set-off in connection with an acquisition, and to authorise and empower the Directors to restrict or withdraw the right of pre-emption associated to the issue of the said shares. This resolution is being taken in terms and for the purposes of the approvals necessary in terms of the Companies Act and the Articles of Association of the Company. (Resolution a)
8. WHEREAS (i) at a meeting of the Board of Directors of the Company held on 3 April 2023, the Directors resolved to obtain authority to buy back Ordinary ‘B’ shares in the Company having a nominal value of €0.003 each; and
(ii) pursuant to Article 5 of the Articles and Article 106(1) (b) of the Companies Act a company may acquire any of its own shares otherwise than by subscription, provided inter alia authorisation is given by an extraordinary resolution, which resolution will need to determine the terms and conditions of such acquisitions and in particular the maximum number of shares to be acquired, the duration of the period for which the authorisation is given and the maximum and minimum consideration.
NOW THEREFORE the members of the Company resolve that the Company be generally authorised to make purchases of Ordinary ‘B’ shares in the Company of a nominal value of €0.003 each in its capital, subject to the following:
(a) the maximum number of shares that may be so acquired is 3,127,830 which is equivalent to 10% of total shares as at the date of the notice to the 2023 Annual General Meeting;
(b) the minimum price that may be paid for the shares is SEK1 per share;
(c) the maximum price that may be paid for the shares is SEK1,000 per share;
(d) the maximum aggregate number of shares that can either be i) issued and allotted under Resolution a and, ii) bought back under this Resolution b, shall not exceed 3,127,830; and
(e) the authority conferred by this resolution shall expire on the date of the 2024 Annual General Meeting, but in any case shall not exceed the period of 18 months, but not so as to prejudice the completion of a purchase contracted before that date. (Resolution b)
9. Closing of the Extraordinary General Meeting
Information about proposals related to Agenda items
Both extraordinary Resolutions, Resolutions a and b, were presented in their entirety to the Annual General Meeting held on 11 May 2023 (which resolutions were referred to therein as resolutions m and n respectively), and obtained one majority of two required in terms of article 135 of the Companies Act (Cap 386), and in terms of Articles 48B.2(b) of the Articles of Association of the Company. To this end, this Extraordinary General Meeting is being convened within 30 days of the Annual General Meeting, in accordance with the aforementioned provisions of the Companies Act and the Articles, in order to take a fresh vote on the proposed extraordinary resolutions.
Agenda item 7 (Resolution a)
The objectives of the authorisation are to increase the financial flexibility of the Company and to enable the Company to use its own financial instruments for payment in kind or through a directed set-off to a selling partner in connection with any business acquisitions the Company may undertake or to settle any deferred payments in connection with business acquisitions. The market value of the shares on each issue date will be used in determining the price at which shares will be issued. For the purposes of Article 88(7) of the Companies Act, through this resolution the members of the Company are also authorising the Board of Directors to restrict or withdraw the members’ right of pre-emption that would normally entitle members to be offered the newly issued shares in the Company in proportion to their shareholding before such new shares are offered to third parties.
Agenda item 8 (Resolution b)
The Board of Directors proposes that the acquisition by the Company of its own shares shall take place on First North Growth Market at Nasdaq Stockholm or via an offer to acquire the shares to all members of the Company. Such acquisitions of own shares may take place on multiple occasions and will be based on market terms, prevailing regulations and the capital situation at any given time. Notification of any purchase will be made to First North Growth Market at Nasdaq Stockholm and details will appear in the Company’s annual report and accounts. Any resolution to repurchase own shares will be publicly disclosed. The objective of the buyback and transfer right is to ensure added value for the Company’s shareholders and to give the Board increased flexibility with the Company’s capital structure.
Following such buybacks, the intention of the Board would be to either cancel, use as consideration for an acquisition or transfer to employees under a company share incentive plan. Once repurchased, further shareholder and Bondholder approval would be required before those shares could be cancelled.
If used as consideration for an acquisition the intention would be that they would be issued as shares and not sold first.
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Brasil
Brasil intensifica el debate sobre la regulación de apuestas mientras Lula critica el juego online
La industria de las apuestas deportivas en Brasil sigue en el centro de un intenso debate político y regulatorio mientras los legisladores discuten nuevas restricciones a la publicidad, mecanismos de financiamiento público y el futuro papel del sector en la economía del país.
La discusión se intensificó después de que el presidente Luiz Inácio Lula da Silva criticara el juego online durante un discurso nacional, lo que generó preocupación entre operadores regulados e inversionistas.
Mientras el Congreso analiza varios proyectos de ley que podrían transformar el mercado, actores de la industria advierten que medidas demasiado restrictivas podrían afectar los patrocinios deportivos, la inversión y los esfuerzos para combatir el mercado ilegal de apuestas.
Las declaraciones del presidente generan preocupación en el sector regulado
El debate político en Brasil sobre las apuestas deportivas se intensificó después de que el presidente Luiz Inácio Lula da Silva sugiriera que el juego online podría enfrentar restricciones más estrictas o incluso una posible prohibición en el futuro.
Durante un mensaje nacional transmitido por radio y televisión el 8 de marzo, el mandatario defendió la creación de una legislación que podría limitar o prohibir la actividad de apuestas online en el país.
Según el medio especializado BNLData, representantes de la industria y expertos legales advirtieron que este tipo de medidas podría tener consecuencias económicas significativas y fortalecer el mercado ilegal de apuestas.
Plínio Lemos Jorge, presidente de la Asociación Nacional de Juegos y Loterías (ANJL), afirmó que el principal problema no son las plataformas reguladas, sino la gran cantidad de operadores ilegales que actualmente operan fuera del control del gobierno.
Analistas también señalaron que la incertidumbre generada por las declaraciones del presidente podría afectar la inversión internacional.
Según informes citados por la industria, al menos dos proveedores globales ya habrían reconsiderado sus planes de establecer operaciones en Brasil.
El impacto potencial también podría extenderse al mercado laboral. Estimaciones del sector sugieren que hasta 40.000 empleos directos podrían verse afectados si se implementara una prohibición del juego online.
Los operadores con licencia también podrían iniciar acciones legales para proteger sus derechos, considerando que cada empresa pagó aproximadamente 6 millones de dólares para obtener autorización para operar en el mercado brasileño.
El deporte brasileño también podría enfrentar consecuencias. Solo en 2025, las empresas de apuestas invirtieron cerca de 220 millones de dólares en patrocinios del fútbol, y 13 de los 20 clubes de la Serie A cuentan actualmente con operadores de apuestas como patrocinadores principales en sus camisetas.
El sector también destacó su creciente contribución fiscal.
Según datos de la industria, las apuestas online generaron alrededor de 2.900 millones de dólares en impuestos y contribuciones en 2025, recursos que financian diversos programas públicos.
Ante este escenario, analistas sostienen que el debate político en Brasil debería centrarse en fortalecer la regulación y combatir a los operadores ilegales, en lugar de adoptar medidas prohibicionistas que podrían empujar a los jugadores hacia plataformas no reguladas.
Restricciones publicitarias y financiamiento público marcan la agenda regulatoria
La industria de apuestas deportivas en Brasil enfrenta actualmente un intenso debate político y regulatorio.
Poco más de un año después de que el país implementara el marco legal que formalizó el sector, los legisladores están discutiendo una serie de proyectos de ley que podrían modificar significativamente el funcionamiento del mercado.
Entre las propuestas más destacadas se encuentran restricciones a la publicidad de las casas de apuestas, limitaciones al marketing con influencers, prohibiciones de apuestas relacionadas con procesos electorales y nuevos mecanismos para canalizar ingresos del sector hacia programas públicos.
El debate refleja la creciente visibilidad política de una industria que ha experimentado un rápido crecimiento desde la implementación de la regulación.
Con millones de apostadores activos y miles de millones de dólares circulando cada mes, las apuestas deportivas se han convertido en un actor económico relevante en Brasil, especialmente en los sectores del deporte, los medios y el entretenimiento.
Al mismo tiempo, el crecimiento acelerado del sector ha generado preocupaciones entre legisladores sobre su impacto social, la exposición publicitaria y la necesidad de establecer límites más claros para las estrategias comerciales de las plataformas de apuestas.
El Senado analiza restricciones más estrictas a la publicidad
Uno de los temas centrales en el Congreso brasileño es la propuesta de introducir restricciones más estrictas a la publicidad de apuestas deportivas.
Un proyecto de ley actualmente en discusión propone prohibir la publicidad de operadores de apuestas en diversos medios de comunicación, restringir asociaciones promocionales con influencers digitales y prohibir apuestas relacionadas con procesos electorales.
La iniciativa fue presentada por el senador Randolfe Rodrigues y actualmente es revisada por la senadora Damares Alves.
El proyecto ya fue aprobado por la Comisión de Ciencia y Tecnología del Senado y ahora será analizado por la Comisión de Constitución y Justicia (CCJ) antes de avanzar eventualmente hacia una votación en el pleno.
De aprobarse, la legislación establecería uno de los marcos regulatorios publicitarios más estrictos para el sector de apuestas en Brasil. El proyecto propone modificar las leyes 13.756/2018 y 14.790/2023, que actualmente regulan el mercado.
Las infracciones podrían implicar sanciones significativas, incluyendo multas de hasta 2 millones de dólares, además de la suspensión temporal o incluso la revocación de licencias de operación.
Posible impacto en el fútbol brasileño
Las restricciones publicitarias han generado preocupación entre clubes de fútbol y actores de la industria del entretenimiento, ya que los acuerdos de patrocinio con casas de apuestas se han convertido en una de las principales fuentes de ingresos comerciales para el fútbol brasileño.
Estimaciones del sector indican que las empresas de apuestas invirtieron más de 220 millones de dólares en acuerdos de patrocinio con clubes de la Serie A durante 2025.
Para 2026, se espera que la inversión en patrocinio se mantenga cerca de 200 millones de dólares, con la mayoría de los equipos de primera división manteniendo acuerdos con operadores de apuestas.
Actualmente, 14 clubes de la primera división brasileña cuentan con patrocinios de empresas de apuestas, y 13 de ellos tienen marcas de apuestas como patrocinador principal en sus camisetas.
El Instituto Brasileño de Juego Responsable (IBJR) estima que los clubes reciben en promedio 2,6 veces más ingresos por patrocinios de apuestas que por premios deportivos en competiciones.
Representantes de la industria advierten que una prohibición amplia de la publicidad podría afectar significativamente la estructura financiera del fútbol brasileño.
La industria advierte sobre consecuencias no deseadas
Diversos ejecutivos del sector de apuestas han manifestado preocupación por las posibles consecuencias de una prohibición generalizada de la publicidad.
Según los operadores, la comunicación comercial cumple un papel clave para ayudar a los consumidores a distinguir entre plataformas reguladas y sitios ilegales que operan fuera del control gubernamental.
Estudios recientes sugieren que el mercado ilegal de apuestas sigue teniendo una presencia significativa en Brasil.
Un informe de Yield Sec estimó que operadores ilegales manejaron alrededor de 3.600 millones de dólares en apuestas durante el primer semestre de 2025.
Durante ese mismo período, el gobierno habría perdido aproximadamente 920 millones de dólares en ingresos fiscales debido a actividades no reguladas.
Estimaciones del sector indican que plataformas no autorizadas podrían representar hasta el 49% del mercado total de apuestas online en Brasil.
Los operadores argumentan que restringir la publicidad podría dificultar que los consumidores identifiquen marcas autorizadas, beneficiando indirectamente a operadores ilegales que no cumplen con las regulaciones locales.
Proponen utilizar ingresos de apuestas para financiar la salud
Mientras algunos legisladores buscan limitar la actividad de las apuestas, otros exploran formas de utilizar el sector como fuente de financiamiento para programas sociales.
Una propuesta destacada, presentada por la senadora Dra. Eudócia, permitiría que instituciones filantrópicas de salud operen plataformas de apuestas de cuota fija.
Según el proyecto, hospitales filantrópicos, organizaciones de salud y entidades benéficas que prestan servicios al sistema público de salud brasileño (SUS) podrían obtener licencias para operar apuestas.
A diferencia de los operadores comerciales, estas instituciones estarían exentas del pago de la licencia requerida para ingresar al mercado.
El proyecto establece que todos los ingresos netos generados por estas operaciones deberán destinarse exclusivamente a financiar iniciativas de salud, incluyendo la compra de medicamentos, equipamiento médico y mejoras en la infraestructura hospitalaria.
Para garantizar la transparencia, las organizaciones deberán mantener contabilidad separada para las operaciones vinculadas a apuestas.
La iniciativa se inspira en modelos internacionales en los que los ingresos de juegos regulados financian programas sociales.
Seguridad pública también busca recursos del sector
El sector de apuestas también ha entrado en el debate sobre el financiamiento de programas de seguridad pública en Brasil.
Una propuesta de enmienda constitucional aprobada en la Cámara de Diputados establece que el 30% de los ingresos fiscales provenientes de las apuestas podría destinarse al Fondo Nacional de Seguridad Pública.
Camilla Pintarelli, directora del fondo, afirmó que la medida podría representar un avance importante para garantizar recursos estables destinados a políticas de seguridad, especialmente en regiones con mayores desafíos estructurales.
En 2025, aproximadamente 100 millones de dólares fueron retirados del fondo debido a mecanismos fiscales que permitieron la reasignación de recursos, situación que generó críticas entre especialistas en seguridad pública.
Un mercado que continúa creciendo
Desde que la regulación del sector entró oficialmente en vigor en enero de 2025, el mercado brasileño de apuestas deportivas ha experimentado una rápida expansión.
Datos del Banco Central de Brasil indican que los apostadores gastaron entre 4.000 y 6.000 millones de dólares por mes durante 2025.
El sector generó aproximadamente 7.400 millones de dólares en ingresos brutos ese año y atrajo a decenas de operadores internacionales interesados en ingresar al mercado brasileño.
Actualmente, el gobierno brasileño ha autorizado a 84 empresas para operar en el país, lo que representa 185 marcas diferentes de apuestas.
Cada operador pagó aproximadamente 6 millones de dólares por una licencia, además de cumplir con requisitos regulatorios establecidos por la Secretaría de Premios y Apuestas del Ministerio de Hacienda.
Perspectivas para el sector
A medida que el mercado continúa evolucionando, es probable que el debate político sobre el papel de las apuestas en la economía brasileña se intensifique.
Las propuestas legislativas actualmente en discusión reflejan diferentes visiones sobre cómo equilibrar el crecimiento económico del sector con la protección del consumidor y la responsabilidad social.
Mientras algunos legisladores defienden restricciones más estrictas a la publicidad y al marketing, otros ven en la industria una oportunidad para financiar sectores estratégicos como la salud pública y la seguridad.
En última instancia, el futuro del mercado de apuestas en Brasil dependerá no solo del desempeño de las empresas que operan en el país, sino también de las decisiones regulatorias que adopte el Congreso en los próximos meses.
The post Brasil intensifica el debate sobre la regulación de apuestas mientras Lula critica el juego online appeared first on Americas iGaming & Sports Betting News.
President’s remarks raise concerns across the regulated betting sector
Brazil’s political debate over sports betting intensified after President Luiz Inácio Lula da Silva suggested that online gambling could face stricter restrictions or even a potential ban in the future.
During a national radio and television address on March 8, the president defended the creation of legislation that could limit or prohibit online betting activity in the country.
According to specialized outlet BNLData, industry representatives and legal experts warned that such measures could have significant economic consequences and potentially strengthen the illegal gambling market.
Plínio Lemos Jorge, president of the National Association of Games and Lotteries (ANJL), argued that the main issue is not regulated platforms but the large number of illegal operators currently outside government oversight.
Analysts also noted that the uncertainty generated by the president’s remarks could impact international investment. According to reports cited by the industry, at least two global suppliers have already reconsidered plans to establish operations in Brazil.
The potential impact could extend to the labor market as well. Industry estimates suggest that up to 40,000 direct jobs could be affected if a ban on online betting were implemented.
Licensed operators could also pursue legal action to protect their rights, considering that each company paid approximately $6 million for authorization to operate in the Brazilian market.
Brazilian sports could also face consequences. In 2025 alone, betting companies invested roughly $220 million in football sponsorships, with 13 of the 20 Serie A clubs currently featuring betting operators as their main shirt sponsors.
The sector also highlighted its growing fiscal contribution. According to industry data, online betting generated around $2.9 billion in taxes and contributions in 2025, supporting several public programs.
Given these factors, analysts argue that Brazil’s policy debate should focus on strengthening regulation and combating illegal operators rather than adopting prohibitionist measures that could push players toward unregulated platforms.
Advertising restrictions and public funding proposals shape the regulatory agenda
Brazil’s sports betting industry is currently facing an intense political and regulatory debate.
Just over a year after the country implemented the legal framework that formally regulated the sector, lawmakers are discussing a series of bills that could significantly reshape the market.
Among the most prominent proposals are restrictions on betting advertising, limitations on influencer marketing campaigns, bans on bets related to electoral processes and new mechanisms to channel betting revenues into public programs.
The debate reflects the growing political visibility of an industry that has expanded rapidly since regulation was introduced.
With millions of active bettors and billions of dollars circulating monthly, sports betting has become an important economic player in Brazil, particularly across sports, media and entertainment.
At the same time, the sector’s rapid growth has raised concerns among legislators about its social impact, advertising exposure and the need for clearer limits on commercial strategies used by betting platforms.
Senate discusses stricter advertising rules
One of the central topics in Brazil’s Congress is a proposal to introduce stricter restrictions on sports betting advertising.
A bill currently under discussion would prohibit advertising by betting operators across several media channels, restrict promotional partnerships with digital influencers and ban wagers related to electoral processes.
The proposal was introduced by Senator Randolfe Rodrigues and is currently being reviewed by Senator Damares Alves.
It has already been approved by the Senate’s Science and Technology Committee and will now be analyzed by the Constitution and Justice Committee (CCJ) before potentially moving to a plenary vote.
If approved, the legislation would establish one of the strictest advertising frameworks for the betting sector in Brazil. The bill proposes amendments to Laws 13.756/2018 and 14.790/2023, which currently regulate the market.
Violations could lead to significant penalties, including fines of up to US$2 million, as well as temporary suspension or even revocation of operating licenses.
Potential impact on Brazilian football
Advertising restrictions have raised concerns among football clubs and entertainment industry stakeholders, as sponsorship deals with betting companies have become one of the most important commercial revenue streams for Brazilian football.
Industry estimates indicate that betting companies invested more than $220 million in sponsorship agreements with Serie A clubs during 2025.
For 2026, sponsorship spending is expected to remain close to $200 million, with the majority of top-tier teams maintaining partnerships with betting operators.
Currently, 14 clubs in Brazil’s first division have sponsorship deals with betting companies, and 13 feature betting brands as their primary shirt sponsor.
The Brazilian Institute of Responsible Gaming (IBJR) estimates that clubs receive on average 2.6 times more revenue from betting sponsorships than from competition prize money.
Industry representatives warn that a broad advertising ban could significantly affect the financial structure of Brazilian football.
Industry warns of unintended consequences
Several executives within the betting sector have raised concerns about the consequences of a broad advertising ban.
According to operators, commercial communication plays a key role in helping consumers distinguish regulated platforms from illegal sites operating outside government oversight.
Recent studies suggest that the illegal betting market continues to maintain a significant presence in Brazil.
A report by Yield Sec estimated that illegal operators handled around $3.6 billion in wagers during the first half of 2025 alone.
During the same period, the government may have lost approximately $920 million in tax revenue due to unregulated activity.
Industry estimates suggest that unauthorized platforms could represent up to 49% of Brazil’s total online betting market.
Operators argue that restricting advertising could make it harder for consumers to identify licensed brands, potentially benefiting illegal operators that do not comply with Brazilian regulations.
Betting revenues proposed as funding source for healthcare
While some lawmakers are seeking to limit betting activities, others are exploring ways to use the sector as a funding source for social programs.
One notable proposal, introduced by Senator Dra. Eudócia, would allow philanthropic healthcare institutions to operate fixed-odds betting platforms.
Under the proposal, philanthropic hospitals, health organizations and charities that provide services to Brazil’s public healthcare system (SUS) could obtain betting licenses.
Unlike commercial operators, these institutions would be exempt from paying the licensing fee required to enter the market.
The bill stipulates that all net revenue generated by these betting operations must be used exclusively to fund healthcare initiatives, including purchasing medicines, medical equipment and improving hospital infrastructure.
To ensure transparency, the proposal requires organizations to maintain separate accounting for betting-related operations.
The initiative draws inspiration from international models where regulated gambling revenues support social programs.
Public security funding also enters the debate
The betting sector has also entered discussions about funding public security programs.
A constitutional amendment proposal approved in Brazil’s Chamber of Deputies would allocate 30% of betting tax revenue to the National Public Security Fund.
Camilla Pintarelli, director of the fund, stated that the measure could represent an important step toward ensuring stable resources for public security policies, particularly in regions facing structural challenges.
In 2025, approximately $100 million were removed from the fund due to fiscal mechanisms that allowed the government to reallocate resources, a situation that generated criticism from public security specialists.
A market that continues to grow
Since the betting regulation officially came into force in January 2025, Brazil’s sports betting market has experienced rapid expansion.
Data from Brazil’s Central Bank indicates that bettors wagered between $4 billion and $6 billion per month during 2025.
The sector generated approximately $7.4 billion in gross revenue that year and attracted dozens of international operators interested in entering the Brazilian market.
Currently, the Brazilian government has authorized 84 companies to operate in the country, representing 185 different betting brands.
Each operator paid approximately $6 million for a license, in addition to meeting regulatory requirements established by the Secretariat of Prizes and Betting within the Ministry of Finance.
Outlook for the sector
As the market continues to evolve, political debate over the role of betting in Brazil’s economy is expected to intensify.
The legislative proposals currently under discussion reflect different views on how to balance economic growth with consumer protection and social responsibility.
While some lawmakers advocate stricter advertising restrictions and tighter marketing rules, others see the industry as an opportunity to finance strategic sectors such as healthcare and public security.
Ultimately, the future of Brazil’s betting market will depend not only on the performance of licensed operators but also on the regulatory decisions taken by Congress in the coming months.
The post Brazil intensifies debate on betting regulation as Lula criticizes online gambling appeared first on Americas iGaming & Sports Betting News.
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VeliGames Secures SiGMA Africa’s Industry Rising Star Award
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Anders Svensson6 days ago
DBET Recruits Jonas Dahlquist, Kicks Off Fresh Football Podcast
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Canada7 days ago
Wazdan’s North American Growth Accelerates Following FanDuel Alliance
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Latest News3 days ago
NFL LEGEND ROB GRONKOWSKI TAKES ON HIGH-STAKES POKER PROS ON POKERSTARS BIG GAME ON TOUR IN LAS VEGAS
