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Industry
September 20, 2024
Brazilian Banks Are Wary of the Rapid Rise of Betting
Brazil sports fans continue to bet hard as the country prepares to launch regulated betting in January. While this trend has attracted a lot of interest from international operators wishing to invest in Brazil, experts are concerned that it would divert funds from spending in other areas. People Are Spending More on Gambling Than Before […]
Industry
September 19, 2024
More Operators Apply for Licenses After Brazil’s Recent Warning
Several gambling companies have applied for sports betting licenses in Brazil following the Ministry of Finance’s recent warning. While these companies will likely be unable to launch at the regulated market’s opening, they will not risk legal problems in the country. Six More Companies Have Submitted an Application Brazil’s Ministry of Finance just announced that […]
Industry
September 17, 2024
Brazil Warns Unlicensed Operators to Cease Operation from October 1
Brazil’s Ministry of Finance warned that sports betting businesses that have failed to apply for a license will be suspended from October 1. This deadline comes ahead of the launch of Brazil’s regulated sports betting and aligns with the country’s ambition to shift toward a more orderly market. Operators That Have Applied for a License […]
Industry
September 17, 2024
ANJL Answers Claims Bettors Sacrifice Household Expenses to Play
At the start of the week, we reported the president of the Brazilian Federation of Banks, Isaac Sidney, asked the government to speed up the ban on using credit cards to place online bets, reiterating the growing concerns regarding problem gambling in the country. On the same day, the country’s betting trade body, the National […]
Industry
September 16, 2024
JMP Is Optimistic about Flutter’s Stake in Betnacional
JMP Securities analysts are optimistic about Flutter’s recent acquisition of a 56% stake in NSX Group, arguing that it would allow the latter company to drive strong synergies in Brazil. Flutter’s Brazil Bid Is In Line with the Company’s Strategy According to a NEXT.io report, JMP Securities believes that Brazil’s large population and ongoing sports […]
Industry
September 16, 2024
Brazilian Banks Call for Accelerated Ban on Credit Card Betting
Brazilian Federation of Banks president Isaac Sidney demanded that the government accelerate the ban on using credit cards to pay for online bets. He underscored growing concerns over problem gambling and increasing defaults in the coming months as the country awaits the full implementation of gambling regulations set to take effect in January 2024. The […]
Business
September 13, 2024
Flutter to Form Flutter Brazil via Acquisition of 56% Stake in NSX
Sportsbook and iGaming juggernaut Flutter Entertainment has unveiled a major investment in Brazil that would grow its local footprint. The deal reflects the company’s overall expansion strategy and orientation toward global markets. Flutter to Acquire a 56% in NSX in Q2 2025 According to Flutter’s official announcement, it has paid some $350 million to acquire […]
Industry
September 10, 2024
Brazil Takes a Stance against Riskier Games, Blocks a Dozen Sites
Brazil continues its journey toward regulated betting by taking action against games that are deemed harmful. To that end, the São Paulo Ministry of Finance targeted games that offer unrealistic returns, including titles such as Fortune Tiger and Fortune Dragon, among additional slots and other games. A New Measure Will Restrict Predatory Games The Ministry […]
Industry
August 21, 2024
Brazil Records 113 License Submissions as Application Window Closes
As Brazil continues its inexorable journey toward regulated online sports betting, dozens of new companies have applied for a license. On the final day for submissions alone, Brazil recorded more than 50 new applications. Fewer Companies Applied for a License Than Expected The last day for the license application was August 20. So far, 113 […]
Industry
August 20, 2024
Brazil Wants Harsher Punishments for Match Manipulators
Brazil’s Supporter Statue (Law 10,671/03) currently punishes those found guilty of match-fixing with prison between two and six years and a fine. The Chamber of Deputies‘s Constitution and Justice Committee (CCJ) has now recently passed bill 515/2023 aimed to alter the Supporter Statute by boosting penalties for sports professionals involved in match-fixing. The project proposed […]
