The Brazilian Ministry of Finance's Secretariat of Prizes and Bets SPA has signed a technical cooperation agreement with Integrity Compliance 360. This agreement is part of Brazil's efforts to combat sports betting fraud.This is the fifth such agreement signed by SPA, following similar collaboration
The Minister of the Supreme Federal Court (STF), Nunes Marques, has decided not to issue a preliminary injunction to suspend the operations of municipal lotteries in Brazil. The dispute between the federal government and local lotteries continues.The decision by Marques was announced following alleg
On January 1, 2025, Brazil officially launched online gambling regulation, marking a historic turning point for the market once referred to as the "sleeping giant."The latest data shows that the Brazilian online gambling market size has far exceeded expectations in the first quarter, with betting a
To strengthen the supervision of illegal gambling activities, the Lottery and Gambling Bureau (SPA) under the Ministry of Finance of Brazil recently announced that it has officially launched a mandatory reporting mechanism for banks and financial institutions, requiring them to report suspicious tra
The gambling industry is rapidly "devouring" the wallets of Brazilians. According to the latest disclosure by the Central Bank of Brazil, the total monthly betting amount of Brazilians on gambling games has reached a scale of 30 billion Brazilian reais.Meanwhile, banks have started to regard gamblin
The co-founder and CEO of the Brazilian Responsible Gambling Association (IBJR), André Gelfi, warns that the illegal market still accounts for about 60% of Brazil's monthly gambling total revenue (GGR).Brazil launched its regulated online gambling market on January 1, ending years of regulatory dela
At the beginning of this year, Brazil finally entered a new era of gambling regulation, and the online gambling market was launched with great fanfare. However, the legalization of physical casinos still faces significant controversy, although recent political and mindset changes indicate that momen
The Brazilian Parliamentary Gambling Investigation Committee (CPI) rapporteur, Senator Soraya Thronicke, urges political figures to support a new bill that restricts consumer access to online gambling.Thronicke expressed her concerns at the gambling industry CPI meeting, which was established in Nov
According to Brazilian media, the Brazilian Ministry of Finance has issued new regulations, prohibiting financial institutions and payment platforms from providing account services to unauthorized fixed-odds betting companies, to strengthen the regulation of the industry and combat illegal operators
The legalization of the gambling industry in Brazil in recent years has triggered many new legal issues. Gambling, as an industry completely banned in mainland China, may have a completely different market environment and development prospects under different political, historical, and legal backgro
