Nine more companies bought a Brazilian licence this year. The bill in Congress deletes the casino.
Bill PL 2,258/2026 was tabled on 7 May by Paulo Pimenta of the governing Workers’ Party. It keeps fixed-odds sports betting legal and removes online casino games from the regulated market.
At the end of July, President Lula told his ministers to back it. The government wants it through Congress before the first round of voting on 4 October. The bill sits with the Chamber of Deputies, waiting on committee assignment.
Brazil’s regulated market produced R$20.07bn of gross gaming revenue in the first half of 2026, up 15.3%. Licensed companies rose from 78 to 87 over the same six months, so nine more firms paid to enter while the ban was being drafted.
Each of them bought a licence at a price that assumed casino revenue sat inside it. If the bill passes, the permit stays valid and a large part of what it was bought for is gone. A licence is worth the product it lets you sell.
The bill still needs committee assignment, both houses and presidential assent, with about six weeks of session time left. Our read is that it does not become law before 4 October, and that the threat alone reprices Brazilian assets.
An operator whose Brazilian players know the brand can move them to sports betting if casino closes. An operator that bought those players with casino bonuses will find the relationship does not transfer.