Luiz Felipe Maia says Brazil betting ban risks distrust and legal uncertainty
By SectorWire desk ·
Summary
Luiz Felipe Maia of Maia Yoshiyasu Advogados said at SBC Lisbon that Brazil’s betting ban could undermine trust in the country and its regulated market. He said the measure may face challenges in Congress and the judiciary, and warned of possible compensation claims against licensed companies and BRL15 billion in foregone annual revenue. Maia also argued that betting operators had acted within the law.
Why it matters
The ban could create legal uncertainty for licensed operators and affect investor perceptions of Brazil’s regulated market.