Co-founder of prediction market platform Kalshi, Luana Lopes Lara, announced that the company is looking for possible expansion opportunities into Brazil in 2026.Lopes...
Brazil postpones vote on 15% gambling tax to 2026
Both the Brazilian government and the opposition have agreed to postpone voting on the Antifaction Bill, which includes a 15% tax on gambling deposits, until 2026.
The tax measure, called CIDE-Bets, was estimated to generate around $5.5 billion in additional revenue, which would go towards the National Security Fund.
The bill also proposes reintroducing the RERCT Litígio Zero Bets measure, requiring operators to pay a 15% tax on pre-regulation activities between 2018 and 2024.
The Brazilian Institute for Responsible Gaming (IBJR) has criticized the tax reform, warning that illegal operators could take advantage of the changes.
The IBJR noted:
“The measure is based on a nonexistent financial premise. It claims to collect $5.5 billion annually from a formal market that currently generates around $6.5 billion. Therefore, it projects collecting in taxes almost the equivalent to the entire revenue of the regulated sector, which is mathematically impossible and renders formal economic activity unviable.”
Another tax measure that follows is the proposed document to implement a gradual tax rise for operators. It was moved to the Chamber of Deputies for final approval; however, an appeal has pushed the Senate to further reconsider the bill.
It is now unlikely that the bill will be passed before the government recess begins at the end of December 2025.
The Secretariat of Prizes and Bets (SPA) announced on December 10, 2025, that Brazil will officially launch a self-exclusion platform, where players will be able to exclude...
