President Luiz Inácio Lula da Silva signed an order ending fixed-odds betting operations, calling it a necessary step to curb household debt.
The ruling is the second in less than a month finding that states have a role in regulating sports-related event contracts, according to CNBC.
The Los Angeles Rams entered the season as odds-on favorites for Super Bowl LXI, according to ESPN.
Analysts identify game lines said to have offered immediate value once odds were released.
The NFL, NBA, MLB, NHL, MLS and their players' associations are pressing state gambling regulators to address a rise in harassment and violent threats directed at athletes by sports bettors.
Athletes are sharing images of themselves online to contrast with an advertisement they say misrepresents women in sport.
Traditional sportsbooks continue to lead the football betting market, but newer prediction-market platforms are drawing increased attention, according to a CNBC report.
Guardian columnist argues the Euphoria star deserves less outrage over her latest endorsement deal.
Analyst Ben Solak outlines four keys for bettors to consider before Week 1 of the 2026 NFL season, according to ESPN.