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Brazilian Sports Betting

The only type of sports betting allowed in Brazil is fixed-odds. It is run by CAIXA, the state-owned bank that also runs lotteries.

In August 2020, Brazil President Jair Bolsonaro signed off on Decree 10,467, paving the way for a regulated sports betting industry. The decree establishes that the National Bank for Economic and Social Development and the Ministry of Economy will be in charge of managing the privatization of sports betting.
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