Brazil’s Lotex Looms For Lottery Giants | GamblingCompliance

Brazil’s Lotex Looms For Lottery Giants | GamblingCompliance

Brazil’s government is preparing to kick off a bid process for a concession to run instant lotteries, in a significant reform expected to set a precedent for online sports betting.

Two years after Brazil’s Congress first passed a law creating a new form of instant lottery — Loteria Exclusiva Instantânea, or “Lotex” — the process to introduce the product now appears to be entering the home straight.

A formal bidding notice for Lotex is expected to be published as soon as next month, followed by an auction taking place in October, according to a report last week in Brazil’s Folha de São Paulo newspaper.

Source: Brazil’s Lotex Looms For Lottery Giants | GamblingCompliance