By SectorWire desk ·
Brazil’s National Association of Games and Lotteries (ANJL) issued a response to comments about household indebtedness. Gabriel Galípolo, president of Brazil’s central bank, made the comments.
ANJL’s response brings the games and lotteries association into Brazil’s household indebtedness discussion following comments by the central bank president.
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The reported Central Bank figures do not support attributing indebtedness to online betting, informing operators’ and regulators’ assessment.
The requested response window gives Brazil’s authorities time to address industry challenges before the court considers the ban.
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.