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
Latin America continued to be one of the most dynamic growth regions in the global gaming industry in the first quarter of 2026. From Brazil's regulatory adaptation period to stable output, to Mexico and Peru continuing to act as performance engines for multiple operators, this gaming market spannin
Prínio Lemos Jorge, the chairman of the Brazilian National Association of Gambling and Lotteries, recently criticized the government's new Novo Desenrola Brasil debt restructuring plan in an interview. He openly criticized the provision that prohibits beneficiaries of the debt plan from participatin
Leading operators such as BetMGM have once again highlighted the position of iGaming (online casinos) as the core engine of industry growth with their outstanding performance in the North American and Brazilian markets.According to BetMGM FY2025 full-year results and Q1 2026 update, iGaming net reve
On the evening of April 30, 1946, at 11 p.m., José Caribe da Rocha, the director of the Copacabana Palace Casino in Rio de Janeiro, held back tears as he solemnly announced the last round of roulette in Brazilian casinos. Minutes later, the number 31 black settled, and a golden era that had lasted 1
When it comes to the Brazilian gambling market, many people's first reaction is "big opportunities, deep waters." Since the Brazilian government officially started the legalization, the entire industry has been like a roller coaster, with a new set of regulations landing every few months. If you oft
The Brazilian government officially issued an expulsion order to the prediction markets on Friday. Finance Minister Dario Durigan and Chief of Staff of the Presidency Miriam Belchior held a press conference announcing that prediction markets are considered illegal operations in Brazil, and the Natio
When a company records double-digit declines in core performance indicators, the usual first reaction is to contract the front and preserve cash flow. However, Philippine-listed gaming operator DigiPlus Interactive chose another path—against the backdrop of a 36% year-over-year plunge in net income
Brazilian President Luiz Inácio Lula da Silva has publicly called for a ban on national gambling activities for the second time in two months, a stance that quickly triggered a strong response from the local gambling industry association. In an interview with the media, Lula stated that if possible,
On April 2nd, the Payment Providers Forum under the International Betting Integrity Association officially released a practice guide specifically for payment institutions in Brazil. This guide aims to help these institutions effectively identify and block funds flowing to illegal sports betting oper
The U.S. prediction market platform Kalshi made a high-profile entry into Brazil, causing a significant "earthquake" in the local gambling industry. There is a division within the industry about who should regulate these products and whether to act quickly or slowly. Some believe that they should be
Brazil's Prize and Betting Secretariat welcomes its new permanent head this week, as Daniela Cardozo, who served as the interim director for two months, officially takes over. Her appointment was announced by the new Minister of Finance via social media on Monday. Cardozo joined SPA in November 202
Brazilian Senator Eduardo Girão, who has long opposed gambling, proposed Bill No. 1018 this week, aimed at banning specific incentives and retention mechanisms in the iGaming sector, including loyalty programs and cashbacks. The bill seeks to amend Law No. 14,790, which legalized gambling in Decembe
The US prediction market platform Kalshi officially entered Brazil this week through a partnership with Brazilian broker XP, attracting local regulatory attention. The Bonus and Betting Secretariat (SPA) immediately issued a statement, stating that it is "continuously and technically" monitoring the
Brazilian President Lula called for government unity to ban online gambling in his International Women's Day speech on Sunday, describing gambling addiction as a "tragedy" for the nation and accusing digital casinos of indebting families through mobile phones. This statement immediately triggered a
The prediction market platform Kalshi from the United States announced this Monday that, through strategic cooperation with Brazilian broker XP Internacional, it has officially launched prediction market products in Brazil. This marks Kalshi's first landing in a market outside the United States and
Brazil's regulatory market reshaped the gambling landscape in Latin America in its first full year, with clear performance differentiation among operators. Flutter achieved a 229% surge in revenue in Brazil through the acquisition of NSX, while Entain stagnated due to tax increases and a decline in
