OKTO, a multinational specializing in digital financial transactions for the sports betting market, has taken corporate control of U4C, a payment institution authorized by the Central Bank and a direct participant in Pix and Open Finance. This acquisition represents a significant strategic step for
In his first week as head of the Central Bank, Gabriel Galípolo committed to collaborate with the new president of the Federal Court of Accounts (TCU), Vital do Rêgo, by providing Pix transaction information made by Bolsa Família beneficiaries to betting houses. The court is investigating the alloc
Gaming companies have noticed that Latin America is an important region for expanding business and leveraging increasing opportunities in a diversified area. According to data from Statista, the total revenue of online gaming is expected to continue to grow, reaching $3.4 billion in Latin America by
PayRetailers, a leading payment solutions company in Latin America and Africa, launches an enhanced Pix payment solution to assist betting operators in Brazil as they prepare for the new sports betting regulations that will come into effect from January 1, 2025. Pix, the instant payment system devel
A iugu, a company that operates with technology in payment systems for the betting sector, has structured an internal cell to fully meet the needs of the segment. In an exclusive interview with GMB, Fellipe Novoa dos Santos, customer success manager, says that as a direct participant of Pix and auth
UOL conducted a survey with 500 people of different age groups, income, and gender, about consumption in iGaming. Over 70% stated the importance of companies supporting responsible gaming and social causes. The quick return of the bet amount is the most important factor when choosing a bet. The mai
Pix is responsible for moving R$ 21 billion monthly in the iGaming market. Lawyers Gabriela Borges and Gustavo de Santana, from FGV Direito Rio, point out in an article in Jota that regulators have banned the use of credit cards, but the impact is limited, as the method created by the Central Bank
Starting this week, the Ministry of Finance will begin the final requirements phase of the certification process for betting companies that registered by August 20 to operate legally in Brazil. This information comes from the Secretary of Prizes and Bets, Regis Dudena, in an interview with JOTA. He
A recent study conducted with over 800 participants in Brazil by Zimpler, a European company that offers secure payment solutions, concluded that a significant majority (75%) agrees that online betting sites should be more transparent about fees and transaction costs. Most of them also prefer virtua
The global business landscape is changing rapidly, and with it, financial transactions between companies in different countries have become essential. These are called cross-border payments. As companies seek new growth opportunities, a good understanding of the dynamics of international operations,
The director of Financial System Organization and Resolution at the Central Bank (BC), Renato Gomes, criticized this Thursday (24) the possibility of banning the use of Pix for the payment of sports betting and online games. In Washington, the executive stated that creating operational problems for
The Director of Financial System Organization and Resolution at the Central Bank (BC), Renato Gomes, criticized on Thursday (24) the possibility of banning the use of Pix for the payment of sports betting and online games. In Washington, the executive stated that creating operational problems for pr
From the financial entity, it was explained that there might be errors in the samples taken for their study, which generated controversy across the country and prompted government actions to prevent social plan beneficiaries from using that money for gambling.Brazil.- Following a request from the ne
The Central Bank stated, in response to Folha via LAI (Access to Information Act), that there are no guarantees that the study indicating that Bolsa Família beneficiaries transferred R$ 3 billion via Pix to online sports betting companies is not subject to errors. The release of the document, after
The president of the Brazilian Federation of Banks (Febraban), Isaac Sidney, met with the Minister of Finance, Fernando Haddad, and the Secretary of Awards and Betting, Regis Dudena, on Wednesday (2/10). During the meeting, he advocated for a temporary suspension of instant payment methods, such as
According to the president of the Central Bank, Roberto Campos Neto, online betting and gaming platforms are beginning to raise suspicions of a possible deterioration in credit quality, with significant income commitment. He also mentioned that there has been an increase of over 200% since January i