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Industry
May 8, 2024
Brazil Unveils New Regulations Ahead of Gambling Industry Launch
Brazil’s Ministry of Finance has unveiled updated regulations ahead of the anticipated launch of the country’s sports betting market. The new ordinance, issued by the Betting and Prizes Secretariat and published in the Federal Official Gazette, introduces vital provisions ensuring the integrity and security of the industry amidst new industry trends and rising global challenges. […]
Industry
May 7, 2024
SPA Confirms That Brazilian Operators Must Add .Bet to Their URLs
The Secretariat of Prizes and Betting (SPA) of Brazil’s Ministry of Finance has concluded that licensed operators will be required to add .bet to their domain names. As a result, operators’ URLs will need to have .bet.br after the company name. This decision has been discussed for a while now as the secretariat was uncertain […]
Business
May 2, 2024
Rush Street’s Q1 Report Highlights Improved Revenue and Reduction in Losses
Rush Street Interactive (RSI), a leading American online casino and sports betting company, has published its quarterly report for the period ended March 31. The company reported a significant increase in revenue and significantly narrowed its losses. For context, Rush Street reported Q1 revenue of $217 million, up 34% year-on-year from the $162.4 million reported […]
Industry
April 24, 2024
iGB and Sportingtech to Release Their First LatAm Gaming Report
The Clarion Gaming-owned gambling news outlet, iGaming Business (iGB), announced a strategic collaboration with the award-winning iGaming platform that provides innovative gaming solutions for operators across the globe, Sportingtech. The new partnership, announced Wednesday, sees the duo join forces for the release of the first iGB LatAm gambling report. The comprehensive report is expected to […]
Business
April 22, 2024
Regis Dudena Becomes Leader of Brazil’s Prizes and Betting Secretariat
Régis Dudena, a lawyer with an extensive background in the legal sector, was designated as the leader of the Prizes and Betting Secretariat (SPA), the newly established regulatory body in charge of gambling in Brazil. A confirmation about the latest appointment came from a publication in the country’s Official Gazette of the Union. The appointment […]
Industry
April 19, 2024
Brazil Government Implements Stricter Payment Rules for Online Betting
In a move to tighten regulations surrounding online betting, Brazil’s Ministry of Finance, through its Secretariat of Prizes and Betting, has announced new guidelines for payment transactions in online betting. The regulation prohibits several payment methods, including cash, credit cards, bank slips, and cryptocurrencies. New Decree in Brazil Mandates Electronic Payments for Online Bets According […]
Industry
April 11, 2024
Brazil Betting Laws Targeted for Completion by This Summer
Late in December, Brazil made an important step to regulate sports betting by legalizing the activity. Similar to other jurisdictions, the process is complex and requires extensive policymaking that takes time to be considered and implemented. Still, it is likely that bettors and sports fans in the country will be able to place their first […]
Sports
April 11, 2024
Betting Operators Identify Brazil’s Potential, Consider Expansion
The exponential growth of sports betting across the United States proved to be a success. Since 2018, the statewide legalization of the activity enabled it to expand to nearly 40 states, which currently offer a legal form of betting, allowing millions of Americans to place bets via regulated operators. In 2023, lawmakers in Brazil legalized […]
Industry
April 2, 2024
Brazil Considers “.bet” Domain for Authorized Sports Betting Sites
Brazil’s Ministry of Finance is exploring the creation of a specialized domain extension, “.bet,” exclusively for sports betting and online casino websites. This move aims to enhance regulation and oversight in the rapidly expanding sector, making it easier for consumers to identify licensed operators while deterring illicit activities. It also extends the government’s plans to […]
Industry
March 21, 2024
Peru Records Massive Number of Online License Applicants
Following Peru’s decision to enforce Law No. 31557 which regulates online gaming and sports betting operations on February 9, the country has recorded a large number of applications from companies eager to get their hands on one of the available licenses. Namely, Peru has received no less than 145 license applications for online gambling in […]
