SectorWire
SearchGet the daily briefing
Menu

Brazil government bans online gambling amid industry concerns

Regulation

Brazil’s government introduced a ban on online casinos and sports betting in late September, citing gambling addiction, debt and effects on vulnerable households. The Economist argued in an analysis published on 15 October that the restrictions risk pushing activity underground; operators and football organisations criticised the move.

The ban affects online gambling operators and the regulatory approach to consumer protection and illegal-market activity in Brazil.

Request a correction

Keep reading

Regulation

Brazil’s fixed-odds betting authorisations expire as sector loses political support

Brazil’s 85 federal fixed-odds betting authorisations expired on 25 October under Provisional Measure 1,394, which set them to end after 30 days. The report says nearly 190 brands had already switched off their sites in early October; operators received no refund of the R$30 million paid for each five-year licence.

Brazil's 85 federal fixed-odds betting authorisations expired on 25 October, according to the source. Provisional Measure 1,394 of 25 September had set them to end after 30 days. The operators paid BRL30m for each five-year licence and the source states the payments were not refunded. Nearly 190 brands had already switched off their sites in the first days of October.

Continue reading