By SectorWire desk ·
IAGR has elected Fabio Macorin, deputy secretary of Brazil’s Secretariat of Prizes and Betting (SPA), to its Board of Trustees. His experience includes financial crime prevention, law enforcement and betting supervision.
IAGR’s board gains Fabio Macorin’s experience in Brazilian betting supervision, financial crime prevention and law enforcement.
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Fabio Macorin’s election gives Brazil’s betting regulator SPA representation on the International Association of Gaming Regulators’ board.
Fabio Macorin’s appointment gives Brazil’s gambling regulator deputy secretary an international role on IAGR’s board of trustees.
The pending balance and unnamed companies leave operators and bettors without a full account of refunds still due.
The ban could create legal uncertainty for licensed operators and affect investor perceptions of Brazil’s regulated market.
The case involves alleged illegal betting platforms and financial flows, with judicial measures affecting two companies and a site used to promote bets.
The ban could affect licensed operators’ contracts and revenue while shifting bettors towards illegal operators.