Brazil senator criticises Caixa’s planned November betting launch
Brazilian Senator Damares Alves criticised Caixa’s planned online betting launch in November, saying it conflicted with the social responsibilities of a state-owned bank and could expose bettors to gambling addiction. Caixa President Carlos Vieira said the bank planned to enter the market; its authorisation for BetCaixa, Megabet and Xbet Caixa was formalised on 29 July.
The planned entry of a state-owned bank into regulated betting is drawing political criticism over player protection.