TLDR Brazil’s Supreme Court held a public hearing on the fixed-odds betting ban on November 3. The CBF expects R$420 million in lost revenue in 2027 because of the ban. 27 of 40 Series A and B clubs have a betting company as their main sponsor. The ANJL said the ban is pushing bettors toward illegal sites. An economist said betting was less than 0.5% of household spending in 2025.
Brazil’s ban on fixed-odds betting is putting about R$1 billion in football sponsorship at risk, according to testimony at a public hearing before the Federal Supreme Court (STF). The hearing took place on November 3 and was presided over by Justice Luiz Fux.
Industry groups, sports bodies and economists used the session to argue against the ban. The National Association of Games and Lotteries (ANJL) said the ban will not stop betting but will push people toward illegal operators.
Football and Olympic Sports Rely on Betting Money
Attorney Igor Mauler Santiago, representing the Brazilian Football Confederation (CBF), said the confederation expects revenue losses of R$420 million in 2027. He said the sudden exit of betting companies is “causing a real collapse in the system.”
Santiago said 27 of the 40 clubs in the men’s Series A and B have a betting company as their main sponsor. Together, those sponsorships total around R$1 billion, he said.
Brazil’s Supreme Court hears 34 opinions on the betting ban tomorrow, and not one comes from a licensed operator.
Top clubs earned R$1.03bn from betting sponsorships in 2025.
34 participants speak. Zero operators invited.
Congress has until Nov 23 to act. pic.twitter.com/tyvIAhkZc3
— iGaming Republic (@igamingrepublic) November 2, 2026
Olympic sports also face funding gaps. Attorney Pedro Henrique Rebello de Mendonça, acting for the Brazilian Olympic Committee (COB),