Betano regulatory chief identifies black market and KYC as Brazil challenges
Betano owner Kaizen Gaming’s regulatory affairs chief Ioannis Spanoudakis said illegal operators and strict know-your-customer requirements remain challenges for licensed businesses in Brazil. He called for stronger enforcement against the black market and said the country’s regulatory delay allowed authorities to draw on international experience when shaping the framework.
Stronger enforcement and KYC requirements affect licensed operators’ ability to compete and meet Brazil’s rules.