News outlet Veja reported this weekend on the formation of this cloud, which it is not yet known whether it will turn into a storm or not.
It is already certain that the Ministry of Sports will keep at least 3% of the revenue obtained from the collection of taxes on sports betting companies, which should yield between R$ 2 billion (US$ 400m) and R$ 12 billion (US$ 2.4bn) per year. This prospect of new resources helped convince Centrão bloc. But there is still doubt about the fate of the secretariat that will be created to define sector standards. Among other functions, it will have to decide on companies' requests to operate in the country.
According to the proposed rules, each company will have to pay R$ 30 million (US$ 6m) to obtain the grants. In the most conservative estimate, 40 to 60 will attempt to obtain grants as soon as the regulations are approved.
In the most optimistic scenario, there will be 80 to 100. Treasury wants to keep the secretariat, as initially designed, under its umbrella, under the allegation that the new structure will also deal with topics such as means of payment, money laundering and mechanisms combating betting fraud.
Such arguments do not move the Centrão. Majority in the Chamber, the group intends to use the strength of the vote so that the secretariat stays in Sports and, thus, guarantee a victory for the newcomer Fufuca over Haddad.
Source: Veja
