Former Brazilian President Michel Temer has called for a stricter regulatory framework for fixed-odds betting. In a recent interview, he criticized the initial legalization decision made during his term and noted that current measures have not resolved the sector's issues.
Regulatory Review Following Initial Legalization
During his appearance on the program Frente a Frente, Temer addressed the long-term effects of the legislation that authorized fixed-odds wagering in Brazil. He stated that the original policy framework introduced under his presidency generated market challenges that later regulatory updates failed to eliminate.Temer emphasized the need for an expanded oversight system to manage the betting market effectively. His remarks outline ongoing concerns regarding market regulation and the necessity of revising existing legal provisions to address unresolved operational issues.