On October 19, 2022, the Brazilian House of Representatives approved Bill No. 2.796/2021 that creates a legal framework for the Brazilian gaming industry, considered as the largest electronic games’ market in Latin America, with an estimated revenue of R$12 billion in 2021 and a 6% growth forecast for this year.

The Bill seeks to regulate the commercial activities related to the creation, development, importation, and commercialization of video games, on any kind of platform (console, mobile, PC or subscription-based), as well as with entertainment services related to the so called “fantasy games”. The Bill proposes definitions for “video games” and “fantasy games”, as it follows:

Some other important aspects of the Bill indicate the legislative intention of developing a national gaming industry – tax incentives to the production and development stages as well as the requirement for government programs for the development of human capital for the industry.

With the approval from the House of Representatives, the Bill has now been sent to the Senate for examination and if approved it will follow for presidential sanction or veto.

For further information or any assistance on this matter, do not hesitate to contact our Marketing & Entertainment Law team at mkt&ent_law@kasznarleonardos.com.