Following a week of waits and postponements, the Brazilian Senate’s Committee on Economic Affairs approved the bill that will see the regulations of fixed-odd sports betting in Brazil.

According to the text of the rapporteur, senator Angelo Coronel, companies in the sector will pay 12% tax on revenue obtained from games. It reduced the 18% rate approved by the Chamber of Depu-ties, and extended the grant period from three to five years. In addition, online casinos and other virtual products are still on the table after an attempt to remove it, as the moment, seems to have failed. 

This will be the topic for today’s episode of iGaming Daily, where James Ross is joined by SBC Noticias Brazil’s Journalist, Isadora Marcante. And you can watch this episode via the link below, or by searching ‘iGaming Daily’ on your podcast player of choice.