New Provisional Measure regulates Sports Betting in Brazil
Recently, on 24 July 2023, Provisional Measure n. 1,182/2023 (“MP 1,182/2023”) was published, with relevant changes and news about the fixed rate bets (“apostas de quota fixa”), where bettors bet on predictions of real sports events and their results, also known as sports betting. According to the Provisional Measure, the betting exchanges will only be […]
CVM issues a Guidance Opinion regarding securities and Football Corporations in Brazil
Recently, the Brazilian Securities and Exchange Commission (“CVM” or “Autarquia”) issued Guidance Opinion n. 41/2023 (“Opinion”), highlighting relevant aspects regarding the understanding and stance of the Autarchy concerning the issuance of securities by Football Corporations in Brazil (“SAF”). The Opinion emphasized the complementarity between the SAF Law and the Brazilian Corporations Law, with the latter […]
