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Ficom Leisure founder forecasts 10 to 12 operators will dominate Brazil betting

Regulation

Christian Tirabassi, founder and senior partner of Ficom Leisure, forecast that 10 to 12 top-tier operators will dominate Brazil’s betting market, while smaller operators may struggle with entry and compliance costs. He cited a BRL30 million licence fee and said a possible tax rise from 12% to 18% of GGR and new advertising restrictions could add pressure; the tax increase remains potential, not enacted.

Operators and investors face uncertainty over whether compliance costs, advertising limits and a possible tax increase will constrain competition.

End-of-day close Flutter (FLUT), USD, to 4 August 2025
Story date6 May 20254 August 2025

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