Brazilian congressional committee schedules hearing on illegal betting market
A Brazilian congressional external committee will hold a public hearing on illegal online betting on 11 August, following a request by deputy Julio Lopes. The hearing will examine differing estimates: the federal government says up to 70% of bets are in the regulated market, while industry groups estimate illegal platforms account for about half of market activity.
The hearing will scrutinise competing estimates that inform debate on enforcement against illegal betting platforms.