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Industry
November 8, 2024
Paraguay Proposes Major Reforms to Gambling Law, Seeking to End Monopoly
On November 5, 2024, Paraguay’s government put forward a groundbreaking bill to transform the country’s gambling industry. This new legislation aims to end monopolies and tighten regulatory control. The proposal seeks to change and build upon the current Law No. 1016/1997, which oversees gambling operations in Paraguay. Proposed Reforms to Revitalize the Gambling Sector and […]
Industry
November 5, 2024
IBJR Highlights Key Pledges in Newly Released Manifesto
Ahead of the much-anticipated launch of legal sports betting in Brazil, the Brazilian Institute of Responsible Gaming (IBJR) released its manifesto, outlining its goal to contribute to the development of secure, transparent a healthy gambling environment. Brazil Prepares for the Launch of Legal Betting Legal online betting will come to Brazil on January 1, 2025. […]
Legal
November 1, 2024
Brazilian Gambling Industry Stakeholder Wants Whitelist to Go
This is reflected in a new lawsuit filed with the 13th Federal Civil Court of the SJDF, with the plaintiff, the Rio de Janeiro State Lottery, Loterj, insisting that the “whitelist” put forward by the government, and which allows stakeholders to launch gambling operations ahead of schedule is breaking the law. Rio De Janeiro State […]
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 […]
Industry
October 23, 2024
Ecuador Flips Sports Betting Ads Switch Back On after Hiatus
Ecuadorians will once again see sports betting advertising float on their TV and smartphone screens, after a previous country-wide ban imposed in 2023, has been lifted by President Daniel Noboa. Ecuador Shakes Off Restrictive Blanket Ban on Gambling Ads Noboa, who has promised to bring around an economic bonanza, and has campaigned on his pro-business […]
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 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 […]