Brazilian lawyer says betting ban risks BRL15bn in annual revenue
By SectorWire desk ·
Summary
Luiz Felipe Maia of Maia Yoshiyasu Advogados said during SBC Lisbon that Brazil’s betting ban could be reversed by Congress or the courts. He said it threatens the regulated market and could forgo BRL15 billion in annual revenue while sending bettors to illegal operators. Maia also disputed the Attorney General’s Office claims for BRL1 billion in collective damages and BRL2.6 billion in SUS reimbursement.
Why it matters
The ban could affect licensed operators’ contracts and revenue while shifting bettors towards illegal operators.