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H2 estimates Brazil betting ban will shift R$25bn to offshore operators

Regulation

H2 Gambling Capital estimates that Brazil’s ban on regulated online betting will shift about R$25bn in annualised spending to unlicensed operators. Its central forecast assumes the regulated market closes and stays closed, while its working view is that it may reopen in 2027; the estimates depend partly on payment-channel blocking and how long the ban withstands legal and political challenges.

The forecast indicates the potential scale of spending moving outside Brazil’s regulated betting market.

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Regulation

Blask links India’s offshore gambling activity to risks following Brazil’s betting ban

Reportedly, Blask research connects continued offshore gambling website use in India after its ban with emerging risks following Brazil’s betting ban. The research draws lessons for Brazil from India’s experience.

Blask, an iGaming analytics platform, has published a study comparing India's experience after its August 2025 real-money gaming ban with Brazil's first week after President Lula signed Provisional Measure 1.394 on 25 September, the company said. The study used India's ban as a precedent and Brazil as a control market, then tracked Brazil's own market after the measure.

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