Esportes da Sorte asks to terminate Corinthians master sponsorship; club rejects the move and opens talks

Esportes da Sorte has notified Corinthians that it wants to end the master sponsorship deal without paying a termination fee. Corinthians disagrees, says the contract remains suspended, and is now negotiating with the company — exactly the kind of sponsor dispute high-risk merchants and PSPs should watch when a betting brand gets caught in a regulatory freeze.

1. According to UOL, later confirmed by ge, Esportes da Sorte informed Corinthians that it intends to rescind the sponsorship contract, which runs until December 2029, without paying any penalty.
2. The club’s position is different: Corinthians says the agreement should remain suspended, not terminated, while the political and regulatory situation is resolved.
3. The suspension stems from a Federal Government Provisional Measure that banned virtual casinos and betting operators from operating in Brazil starting on 6 October. The measure still needs congressional approval within 120 days, or it will lose validity.
4. If the deal is terminated, Corinthians’ board believes Esportes da Sorte should pay a fine. That is why the legal departments of both sides are now talking in search of an agreement.
5. Since the sponsorship was suspended, Corinthians has filled the front of the shirt with other brands: AI company Jota for one match, then Shopee under an agreement valid until the end of this year.