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Industry
November 19, 2024
Brazil Cracks Down on Gambling Bonus Marketing
In a decisive move to regulate its burgeoning gambling industry, Brazil’s National Consumer Secretariat (Senacon) has published Order No. 2,344/2024, introducing stringent restrictions on promotions within gambling in the country, maintaining adequate protections for vulnerable groups. The order mandates an immediate nationwide ban on the marketing of betting bonuses and ads aimed at problem gamblers […]
Industry
November 15, 2024
Brazil Introduces Emergency Regulations
The Federal Supreme Court (STF) of Brazil has implemented stringent measures to prevent vulnerable individuals from the harms associated with the gambling industry. In a landmark ruling, the STF unanimously ratified an emergency directive by Minister Luiz Fux to prevent social welfare benefits from being spent on online gambling. The Measures Address Some Pressing Issues […]
Industry
November 13, 2024
Brazilian Senate Launches CPI to Evaluate the Influence of Online Betting
The Brazilian Senate has formally initiated its Parliamentary Commission of Inquiry (CPI) of Bets, which will follow up on the rapid growth and alleged irregularities of online betting businesses that operate in Brazil. The new commission will investigate the financial consequences of online betting on family budgets, possible links to organized crime in the betting […]
Industry
November 6, 2024
Brazilian Senate Remains Divided on Gambling Legalization
Brazil Senate President Rodrigo Pacheco reaffirmed his commitment to a parliamentary commission of inquiry (CPI) on online betting, noting that the need for enhanced monitoring and regulation of online betting is becoming increasingly evident. Despite tax reform dominating the legislative agenda, Pacheco stated that the CPI on betting must not be sidelined, citing rising consumer […]
Legal
November 1, 2024
Brazilian Gambling Industry Stakeholder Wants Whitelist to Go
This is reflected in a new lawsuit filed with the 13th Federal Civil Court of the SJDF, with the plaintiff, the Rio de Janeiro State Lottery, Loterj, insisting that the “whitelist” put forward by the government, and which allows stakeholders to launch gambling operations ahead of schedule is breaking the law. Rio De Janeiro State […]
Industry
October 30, 2024
Brazil’s Ministry of Finance Inks Deals with Match-Fixing Monitoring Bodies
On October 29, Brazil’s Ministry of Finance announced a five-year partnership with four major organizations that specialize in industry monitoring and integrity to help combat match-fixing. The Ministry’s Secretariat of Prizes and Bets (SPA) signed Technical Cooperation Agreements with betting data specialist turned into one of the world’s largest sports technology companies, Genius Sports, leading […]
Industry
October 28, 2024
Brazil’s Public Prosecutor’s Office Pushes for Loterj License Limits
Ahead of the launch of sports betting in Brazil, the country remains focused on ensuring the implementation of effective regulations that create a market that is competitive, fair and channels the consumers toward the legal offering. One particular focus of the government is ensuring it has all the power required for regulating gambling activities across […]
Industry
October 27, 2024
Court Approves Attorney General’s Decision to Not Whitelist Zeroumbet in Brazil
Dozens of betting companies have applied for a license before Brazil’s upcoming launch of regulated sports betting. Some of those who didn’t make it on time, took the matters to court, arguing that they couldn’t adapt to the new legalization schedule. While Brazilian authorities agreed to let some of the latecomers in, a court recently […]
Legal
October 21, 2024
Brazil Adds Megapix to Its Approved Operators List After Court Ruling
Betting operator Megapix has been added to the Secretariat of Prizes and Bets’ (SPA) list of operators allowed to operate in Brazil before the launch of regulated wagering. As a result, this list now includes 100 gambling operators. Megapix Was Targeting the Initial Deadline For context, the SPA had previously warned operators that only a […]
Business
October 18, 2024
Entain Excels in Brazil But Executives Expect Growth to Slow Down
Entain, which just published its Q3 trading update, which highlighted favorable results, including the company’s rapid growth in Brazil. In the company’s earnings call, however, the company’s leadership suggested that this growth is likely to slow down a bit following the launch of Brazil’s regulated sports betting market. Entain Is No Longer Experiencing Regulatory Drag […]