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Business
October 18, 2024
Entain Excels in Brazil But Executives Expect Growth to Slow Down
Entain, which just published its Q3 trading update, which highlighted favorable results, including the company’s rapid growth in Brazil. In the company’s earnings call, however, the company’s leadership suggested that this growth is likely to slow down a bit following the launch of Brazil’s regulated sports betting market. Entain Is No Longer Experiencing Regulatory Drag […]
Industry
October 16, 2024
Brazil’s President to Discuss Credit and Billionaire Taxation with Bankers
At the start of the month, we reported on Brazil’s sports betting industry facing a potential ban unless proper regulations addressing the potential harms of gambling were not addressed, as warned by President Luiz Inacio Lula da Silva. The country that made betting on sports legal in 2018 never reached the point of also officially […]
Industry
October 15, 2024
Brazil’s Attorney General Asks Court to Limit Loterj’s Influence
The Attorney General’s Office of Brazil (AGU) continues its efforts to block the Rio de Janeiro State Lottery (Loterj) from offering nationwide licenses to operators. As the country prepares to regulate online betting, Loterj’s authority to license operators has been put into question, triggering a complicated regulatory standoff. AGU Wants to Prevent Loterj from Influencing […]
Industry
October 11, 2024
Brazil to Block Thousands of Sites as Regulated Betting Looms
The Prizes and Betting Secretariat (SPA) of Brazil’s Ministry of Finance has once again reminded operators that have not applied for a license that they face blocking. As announced several weeks ago, only those who have demonstrated an interest in acquiring a license will be allowed to operate during the transitional period before the official […]
Industry
October 9, 2024
Brazil Whitelists Three More Operators Ahead of Its Regulated Market Launch
The Brazilian government has added Stake, Hiper Bet, and LBBR to its official whitelist of betting operators that have received approval to operate within the transition period from 1 October to 31 December before the nation launches its regulated betting sector. These additions bring the total number of authorized operators to 96, which manage 213 […]
Industry
October 9, 2024
Brazilian Lawmakers Prepare an Inquiry into Links Between iGaming and Crime
The Brazilian Senate announced its plans to launch an inquiry into online gambling in order to address crime-related concerns. The inquiry will be led by a parliamentary commission of 18 members who will have 130 days to complete it. Senator Thronicke Asked Lawmakers to Not Turn a Blind Eye to the Problem The inquiry comes […]
Business
October 8, 2024
Esportes da Sorte Acquires ST Soft, Hopes to Open a New Leaf
Brazilian betting operator Esportes da Sorte has successfully obtained authorization to operate in Rio de Janeiro, thanks to its acquisition of ST Soft-operated Apostou.com, which had already received licensing by the state’s lottery provider Loterj in November 2023. This move allows Esportes da Sorte to establish a presence in the lucrative Rio de Janeiro market […]
Lottery
October 7, 2024
Loterj Brands at the Center of a Heated Legal Dispute in Brazil
The Federal Regional Court of the First Region (TRF1) in Rio de Janeiro has ruled to suspend the license for Rio de Janeiro State Lottery (Loterj) brands from operating outside the state following a legal battle over gambling regulations. TRF1 president João Batista Moreira’s decision overturned a previous ruling by the Federal District Court that […]
Industry
October 7, 2024
Brazil: Sports Betting Faces Ban If Addiction Is Unchecked
Brazil is among the countries that legalized sports betting back in 2018. Despite legalizing the activity, the country never launched its betting market as lawmakers failed to establish the required regulations for years. On the bright side, Brazil now aims to launch legal betting in January, after politicians finally focused on the issue. Yet, the […]
Industry
October 4, 2024
Brazil Gambling in Healthy State Ahead of Regulated Market Launch
A new study, prepared by LCA Consultoria Econômica and commissioned by the Brazilian Institute of Responsible Gaming, shines new light on how gambling affects Brazilian households. According to the report, while Brazil’s sports betting sector records stable growth, its impact on family financial health remains relatively small. New government initiatives should help further reduce gambling […]
