By The Weekly Edge desk ·
Industry representatives warned that a potential ban on sports betting operators in Brazil could increase illegal activity, iGaming Brazil reported. They also warned of lost tax revenue as discussions about a ban progressed.
Industry representatives warn that a potential Brazilian sports betting ban could increase illegal activity and reduce tax revenue.
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Game suppliers face prioritised scrutiny over similarities between loot boxes and online betting.
Offering betting through Stake.com after the ban could put Stake's licence at risk of revocation.
The games framework and loot-box scrutiny put video games and betting-like mechanics under simultaneous government attention.
The growth in illegal sites increases exposure to betting platforms for children and adolescents in Brazil, according to the ANJL president.
The analysis may affect how authorities assess bettors’ funds held by betting platforms after the prohibition.