David J. Bartram
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Court Ruling Gives Stake Temporary Brazil Reprieve
Stake Brazil has secured a court victory against Brazil’s gambling ban, with the operator hailing the ruling as an “important signal” for the market. Stake has won a temporary reprieve from President Lula’s betting ban. (Image: Getty) A federal judge in São Paulo granted Stake partial protection from the ban in a ruling made on Thursday (October 8). It means Stake Brazil is allowed to resume its operations until October 25, albeit under certain conditions.
Midnite Replaces Paddy Power as Official NFL Betting Partner in UK and Ireland
Midnite has signed a three-year sponsorship agreement with the NFL, becoming the official sports betting partner of the league in the United Kingdom and Ireland. Midnite will hope to reach a wide audience of NFL fans in the UK and Ireland via a three-year partnership with the NFL. (Image: Midnite) The multi-year agreement runs through the 2028-29 NFL season (March 2029), positioning Midnite as the replacement for Paddy Power as the league’s primary sports betting partner in the UK and Ireland.
Brazil Gambling Ban Puts $14.7B in Tax Revenue at Risk, Study Warns
Brazil’s gambling ban could put up to R$73 billion ($14.7 billion) in tax revenue at risk over the next four years, according to a new study. Brazilian President Luiz Inácio Lula da Silva at the Brazilian Embassy in Washington, D.C., in May 2026. His gambling ban could cost Brazil $14.7B in lost tax revenues over the next four years. (Image: Andrew Harnik/Getty) The research was conducted by LCA Consultores on behalf of Brazilian trade body the Institute of Responsible Gaming (IBJR).
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