MEDIA ALERT: New legal framework in Brazil hopes to provide a series of regulations to govern the rollout of Daily Fantasy Games and provisions applicable to the Electronic Games industry, says Rei do Pitaco
Retrieved on:
Wednesday, August 9, 2023
SAN FRANCISCO, Aug. 9, 2023 /PRNewswire/ -- Brazil is in the process of approving a legal framework that will recognize the possibility to roll out daily fantasy sports across the country.
Key Points:
- SAN FRANCISCO, Aug. 9, 2023 /PRNewswire/ -- Brazil is in the process of approving a legal framework that will recognize the possibility to roll out daily fantasy sports across the country.
- WHO: The approval of the legal framework for games has the support of parliamentarians such as Senator Efraim Filho and Senator Irajá Filho.
- The framework for these regulations will mirror what is already in place for DFS in the United States.
- Once approved in a Plenary session in the Senate, the project will proceed to presidential sanction.