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Industry
October 30, 2024
Brazil’s Ministry of Finance Inks Deals with Match-Fixing Monitoring Bodies
On October 29, Brazil’s Ministry of Finance announced a five-year partnership with four major organizations that specialize in industry monitoring and integrity to help combat match-fixing. The Ministry’s Secretariat of Prizes and Bets (SPA) signed Technical Cooperation Agreements with betting data specialist turned into one of the world’s largest sports technology companies, Genius Sports, leading […]
Industry
October 28, 2024
Brazil’s Public Prosecutor’s Office Pushes for Loterj License Limits
Ahead of the launch of sports betting in Brazil, the country remains focused on ensuring the implementation of effective regulations that create a market that is competitive, fair and channels the consumers toward the legal offering. One particular focus of the government is ensuring it has all the power required for regulating gambling activities across […]
Industry
October 27, 2024
Court Approves Attorney General’s Decision to Not Whitelist Zeroumbet in Brazil
Dozens of betting companies have applied for a license before Brazil’s upcoming launch of regulated sports betting. Some of those who didn’t make it on time, took the matters to court, arguing that they couldn’t adapt to the new legalization schedule. While Brazilian authorities agreed to let some of the latecomers in, a court recently […]
Legal
October 21, 2024
Brazil Adds Megapix to Its Approved Operators List After Court Ruling
Betting operator Megapix has been added to the Secretariat of Prizes and Bets’ (SPA) list of operators allowed to operate in Brazil before the launch of regulated wagering. As a result, this list now includes 100 gambling operators. Megapix Was Targeting the Initial Deadline For context, the SPA had previously warned operators that only a […]
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 […]
