The gambling industry in Brazil is quite complex. Apart from legal lotteries, other forms of gambling, such as casino betting, are prohibited in most areas. However, underground gambling activities still exist. The government continues to strive to combat illegal gambling while raising funds for pub
Sweden's leading bank payment technology company Zimpler has officially been approved as a certified payment institution (PI) by the Central Bank of Brazil. This new status not only consolidates its market strategy in the country but also injects new momentum into Brazil's open financial ecosystem w
After submitting the required technical assessment reports, the Brazilian Prize and Betting Secretariat (SPA) has reinstated the licenses of five betting companies, lifting the suspension previously imposed due to missing technical documents. This suspension was first announced last week, initially
With the approval of Bill No. 2985/2023 in the Senate, Brazilian gambling advertising is facing stricter regulation. Although the initial proposal for a complete ban on gambling advertising was removed, the existing bill still prohibits gambling advertisements during live sports events and restricts
Brazilian Senator Soraya Thronicke, as the head of the investigation into violations in the online gambling industry, is actively seeking more time to complete the collection of testimonies and the writing of the final report. Due to the tight schedule, committee members are seeking to extend the in
Several Brazilian football clubs recently issued a joint statement expressing their concerns about the gambling advertising replacement bill proposed by Senator Carlos Portinho, urging the Senate to reassess the commercial restrictions on gambling advertising in sports venues.The bill intends to lim
As the regulated online gambling market in Brazil rapidly develops, SkillOnNet has announced an expansion of its partnership with game provider Habanero, officially introducing its rich game content to Brazil. This move responds to changes in the Brazilian regulatory environment earlier this year, h
The Brazilian Senate has recently officially passed the PL 2.985/2023 bill, which aims to strictly limit gambling advertisements, particularly focusing on fixed-odds betting advertisements. This legislative action marks a tightening of regulations on the gambling industry in Brazil, especially in te
As the investigation deadline approaches, the Brazilian Congress seems to be hastily concluding its scrutiny of the gambling industry. The Special Commission of Inquiry (CPI) on Gambling, led by the Senate, is facing time pressure, and Senate President Davi Alcolumbre has made it clear: no more exte
With Brazil officially opening online gambling from January 2025, the global gambling industry quickly focuses on this hugely potential emerging market.Even before the regulatory system was in place, the valuation of Brazil's gray market had reached $3.4 billion. According to forecasts, by 2029, Bra
After years of anticipation, the gambling industry has finally set its sights on Brazil, a burgeoning regulated market, attempting to seize this highly anticipated major opportunity.However, as Steven Valentine, Chief Commercial Officer at Comtrade Gaming, stated, if one hopes to maximize profits i
Better Collective announced its Q1 2025 revenue as 83 million euros (approximately 93 million USD), a 13% decrease year-over-year. The organic growth rate fell by 18% due to regulatory environments in the US and Brazil. Nevertheless, the group's EBITDA, excluding special items, still reached 22 mill
As the industry giant Flutter International completes the acquisition of key assets of the Brazilian market, Betnacional's parent company NSX Group, NSX CEO João Studart will fully lead the merged Flutter Brazilian operations. This business unit will consist of the existing Betfair Brazil operations
