COB acknowledges budget impact from sports betting ban.

Bets I 17.10.26

By: Magno José

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COB acknowledges budget impact from sports betting ban.
Emanuel, the organization's director-general, states that part of the funding was planned with resources from betting companies and defends negotiations with the public sector (Photo: Rafael Bello/COB)

The Brazilian Olympic Committee admits that the ban on sports betting will impact the organization's budget. Emanuel, the COB's director-general and a national beach volleyball icon, acknowledged that part of the projected funding depended on revenue from betting.

In an interview with CNN Esportes S/A, the Olympic champion stated that the change affects not only football, but various sports. "At this moment, we had planned a portion of the budget with resources that come from betting . [...] It does create an impact," Emanuel told the program.

The leader advocated for open negotiations with the public sector in search of alternatives to the lost funding. "We are open to reaching this understanding, to discussing with the public sector what we can do to mitigate these difficulties that the entities are facing," he stated.

Focus on Los Angeles 2028

In the same interview, Emanuel addressed Brazil's prospects for the Los Angeles 2028 Olympic Games. The COB's director-general stated that there are athletes with the potential to compete for medals and presented the country's goals for the next edition of the event.

The Olympic champion also analyzed the differences between men's and women's volleyball and commented on the state of the sport in the country.

The interview on CNN Esportes S/A will air this Sunday (October 18th) at 9:15 PM (Brasilia time) on CNN Brasil and on the CNN Esportes YouTube channel. The program, hosted by João Vitor Xavier, reaches its 157th edition with Emanuel as a guest.

 

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