By SectorWire desk · · Updated
Brazil’s regulated fixed-odds betting market generated R$7.6bn in gross gaming revenue, citing a Finance Ministry report. The report also examined revenue and responsible gambling measures at risk under a betting ban.
The report links a betting ban to risks for regulated market revenue and responsible gambling measures.
Request a correction / right of reply
Linked through shared companies, regulators and people, or one step further through the graph.
The increase in unauthorised sites alongside takedowns shows the enforcement challenge created by the betting ban.
Fabio Macorin’s election gives Brazil’s betting regulator SPA representation on the International Association of Gaming Regulators’ board.
The appointment places Mariana Piccoli Lins Cavalcanti in SPA’s undersecretary role for sanctioning action in Brazil.
CAIXA Loterias’ revenue rose 5.4%, while allocations and taxes contributed approximately R$6.9bn to public purposes.
Regulators cannot treat fewer direct notifications as evidence of reduced illegal or suspicious betting activity following information-sharing changes.
Pixbet must halt operations, cancel outstanding bets and refund stakes until SPA verifies compliance, with daily fines for breaches.