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Brazil's President Vetoes Legalized Sports Betting

Today it was revealed that Brazil's President Dilma Rousseff has vetoed 36 clauses in a bill that would have legalized sports betting in his country.

The bill was a broad betting bill that would have legalized fixed odds sports betting and also established two new lotteries. Rousseff vetoed the bill on the basis that the activity will require more regulation in his country to ensure that fraud, tax evasion, and integrity is kept to high standards.

The bill had previously been voted for in the Brazilian Senate, and it is unknown whether the matter will be pursued further.

Casino Listings will update this story as more developments arise.

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