By The Weekly Edge desk · · Updated
Brazil’s regulated fixed-odds betting market generated R$7.6bn in gross gaming revenue, reported by iGaming Today, citing a Finance Ministry report. The report also examined revenue and responsible gambling measures at risk under a betting ban.
The report links a betting ban to risks for regulated market revenue and responsible gambling measures.
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The increase in unauthorised sites alongside takedowns shows the enforcement challenge created by the betting ban.
Betting platforms face SPA’s pledge of stricter sanctions as Mariana Piccoli takes charge of sanctioning action.
IAGR’s board gains Fabio Macorin’s experience in Brazilian betting supervision, financial crime prevention and law enforcement.
Brilliant Gaming faces a fine of nearly R$1m after authorities could not locate it at its registered address.
Survey findings show show attendance rose during the period fixed-odds betting was regulated in Brazil.
The reported framework interruption affects responsible gambling and sports integrity in a regulated market serving 15.1 million bettors.