Brace yourselves, legalized sports betting is coming to Brazil

Brazil’s outgoing President Michel Temer has formally signed Provisional Measure 846/2018, a piece of legislation primarily focused on a revised distribution of the nation’s lottery proceeds, but which also includes language authorizing online and land-based fixed odds sports betting for the first time in the country’s history.
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13th December 2018
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Brazil’s president signs sports betting legislation into law
Temer leaves his mark

The Story

Brazil’s outgoing President Michel Temer has formally signed Provisional Measure 846/2018, a piece of legislation primarily focused on a revised distribution of the nation’s lottery proceeds, but which also includes language authorizing online and land-based fixed odds sports betting for the first time in the country’s history.

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BECKY’S AFFILIATED
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Mt. Gox former CEO says he didn’t do it

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Responding to charges of embezzling millions from the now defunct crypto exchange, Mark Karpeles declared at a court in Tokyo that he is innocent.

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PRESS RELEASE

Irish gambling software firm eyes US expansion with grant of US patent

U.S.-facing sports betting operators and software suppliers are now considering their cashout options as a recent U.S. patent for cashout has been granted to Marketmaker Software Ltd., after an 11-year battle for recognition was resolved by the U.S. Patent and Trademark Office.

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SHOUT OUT
Congratulations to Matthias Eibinger for his third win this year! Eibinger, currently occupying the #2 spot on the Austrian All-Time Live Tournament Money Earner list, conquered a field of 40 entrants in a €50k buy-in event that pulled in €1,920,600 during the opening salvo of PokerStars’ European Poker Tour in Prague.
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