Sweeping Crackdown Targets Illegal Operators In a decisive move to prepare for the launch of its regulated gambling market in January 2025, Brazil has blocked an additional 1,812 illegal gambling websites, pushing the total number to over 5,200. The Ministry of Finance, spearheaded by its Secretariat of Prizes and Bets (SPA), is leading the charge […]
Brazil
Brazilian Senate Considers Bill to Ban Online Gambling, Limit Betting to Physical Locations
New Legislative Push to Restrict Online Betting On October 21, 2024, Brazilian Senator Sérgio Petecão (PSD-AC) introduced Bill PL 4.031/2024, proposing a nationwide ban on online gambling and sports betting in Brazil. If passed, the bill would restrict all forms of betting to physical locations where bettors can purchase printed tickets. This would maintain the […]
Brazil’s Shift in Gambling Policy: Impact on the Online Gambling Market
As Brazil moves closer to fully regulating its gambling market, the government is introducing significant changes to how online gambling and sports betting are managed. Under President Lula’s administration, these changes are aimed at addressing social concerns, financial oversight, and illegal operations. The effects of these reforms will shape the country’s growing gambling industry, which […]
Game On: Brazil’s Betting Bonanza Beckons MGM and Globo
MGM Resorts International is sashaying into Brazil’s sizzling sports betting scene in a move that’s turning heads faster than a Carnival parade. But they’re not doing it alone – they’ve got Grupo Globo, Latin America’s media maestro, as their dance partner. Together, they’re eyeing a prize bigger than the Christ the Redeemer statue: a coveted […]
