Brazil issues decree to regulate betting oversight committee after ban

The Brazilian federal government issued a decree on Monday regulating the Interinstitutional Committee for the Oversight of Illegal Exploration and Advertising of Fixed Odds Bets, following a provisional measure that banned such bets last Friday. The committee, composed of 15 federal agency representatives, aims to coordinate enforcement actions against illegal betting operations. This marks a regulatory tightening in Brazil's gambling sector, with implications for market participants and enforcement priorities.