By SectorWire desk ·
Brazil's ANJL has challenged a direct connection between fewer Pix transactions and the prohibition of online betting. The association based its analysis on public data from the central bank.
ANJL's central bank data analysis challenges a direct link between Brazil's betting prohibition and fewer Pix transactions.
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The campaign brings industry bodies and football clubs into opposition to the betting prohibition.
The growth in illegal sites increases exposure to betting platforms for children and adolescents in Brazil, according to the ANJL president.
The research addresses how Brazil’s betting rules and the challenge to the federal measure could affect operators and the regulated market.
The reported increase points to greater illegal betting activity facing Brazil’s regulated operators.
The betting halt has caused regulated-sector job losses, leaving affected workers uncertain about finances and future employment.
ANJL and IBJR are seeking Supreme Court intervention to suspend Brazil’s betting ban.