Brazil Supreme Court Justice Luiz Fux will hold a public hearing on Nov. 3 over the ban on sports betting and online casinos, with no ruling yet on whether the measure will be suspended. The hearing is scheduled for 10 a.m. local time and will focus on the ban’s economic impact. The restriction took effect on Oct. 25, invalidating 85 gambling licenses in Brazil. On the same day, President Luiz Inácio Lula da Silva won re-election, while gambling industry group ANJL called for talks with the government to resume. A total of 26 participants are set to attend the hearing, including parties to the case, government agencies, football clubs and industry groups, though individual betting operators were not invited. Congress was originally required to vote on the provisional measure by Nov. 23, with the deadline eligible for one extension of up to 60 days, according to Bitcoin.com News.
Brazil Supreme Court Justice Luiz Fux will hold a public hearing on Nov. 3 on the ban covering sports betting and online casinos, and has not yet decided whether to suspend the measure.
The hearing is scheduled for 10 a.m. local time and will center on the economic impact of the ban. The restriction took effect on Oct. 25, causing 85 gambling licenses in Brazil to lose validity.
On the same day, Brazilian President Luiz Inácio Lula da Silva won re-election, and gambling industry group ANJL called for dialogue with the government to resume.
The hearing will include 26 participants, including parties involved in the litigation, government agencies, football clubs and industry organizations. Individual betting operators were not invited.
Congress was originally required to vote on the provisional measure by Nov. 23. That deadline can be extended once, for up to 60 days.
The report was cited from Bitcoin.com News.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
