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LCA warns Brazil betting ban risks investor confidence and legal disputes

Regulation

Brazil’s ban on fixed-odds betting has triggered legal challenges by operators and suppliers, while a technical note from LCA Consultoria Econômica says the measure creates legal uncertainty that could deter investment. The government collected R$2.55 billion from 82 companies for 85 federal authorisations, each costing R$30 million; the authorisations had been granted for at least five years. The STF has suspended proceedings against the measure pending its review.

Operators and suppliers face uncertainty over authorisations and potential claims for compensation after the ban.

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Regulation

BETBY says Brazil betting ban risks shifting players offshore

BETBY chief sportsbook officer Sergey Tsukanov said Brazil’s fixed-odds betting ban affected the supplier, which had certified its sportsbook and established local teams before the regulated market began. He argued that a ban could push betting activity offshore and said BETBY was monitoring the situation pending a definitive regulatory outcome.

Brazil's fixed-odds betting ban hit the provider, according to BETBY chief sportsbook officer Sergey Tsukanov. For the moment, the company is watching developments closely while it waits for the final regulatory result.

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