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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 […]
Industry
October 2, 2024
Brazil Allows 89 Operators to Operate Until the End of the Year
Brazil’s Ministry of Finance announced that 89 operators will be permitted to offer their products by the end of the year. The country had previously announced that the period from October 1 to December 31 will be a transitional phase during which only those serious about doing business in Brazil will be allowed to operate. […]
Industry
October 1, 2024
Brazil to Enforce Crackdown Plan Aimed at Illegal Gambling
At the start of September, Brazil announced it was ready to block several websites offering risky products leading to excessive gambling. The decision was aligned with the country’s ongoing efforts to enhance player protection, especially in the context of the upcoming opening of the regulated betting market scheduled for January 1, 2025. At the start […]
Industry
September 30, 2024
Brazilian Lawmakers Introduce New Safer Gambling Bills
As Brazil prepares to launch regulated sports betting, lawmakers continue to discuss potential safer gambling measures. Officials have launched two measures that would protect vulnerable players from gambling harm as addiction-related concerns grow. New Measures Would Protect the Vulnerable from Harm Senator Alessandro Vieira introduced PL 3,718/2024, a measure that would limit betting among senior […]
Industry
September 26, 2024
Flutter Entertainment Forecasts Stellar Growth in Brazil
Flutter Entertainment, the world’s largest sports betting and iGaming company, addressed investors today with ambitious growth forecasts while announcing a $5 billion share buyback scheme. The buyback, scheduled to start after Q3 in November and which is expected to extend over the next three to four years, reflects the company’s confidence in its projected financial […]
Legal
September 25, 2024
Brazil: Judge Lifts Arrest Warrant for Gusttavo Lima over Illegal Gambling
An arrest warrant over suspicion of money laundering and ties to illegal gambling issued against a famous Brazilian singer was overturned earlier this week. Allegations Against Gusttavo Lima Result in Pre-trial Arrest Warrant On Monday this week, Judge Andréa Calado da Cruz issued a pre-trial arrest warrant against the popular singer, Gusttavo Lima. The order […]
Business
September 24, 2024
WA.Technology Unveils Ambitious Acquisition of Onseo
WA. Technology, a leading platform provider within the iGaming industry, will be acquiring technology developer Onseo in a reportedly multi-million euro deal. While the exact terms of the deal remain undisclosed, industry insiders agree that this ambitious move could lead to significant long-term gains for WA.Technology, solidifying the company’s presence in a highly promising jurisdiction. […]
