The study was conducted by the consulting firm LCA. For licensed operators, increased tax revenue should come from reducing illegal activity.

The possibility of a complete ban on advertising is stirring behind-the-scenes activity in the sports betting market. The proposal is part of a bill currently under consideration in Brasília, which aims to change the rules currently in force in Brazil.

Representatives of online betting companies believe that the Public Security constitutional amendment strengthens and legitimizes the sector in Brazil. The proposal was approved by the Chamber of Deputies in early March and is now awaiting a vote in the Federal Senate. The approved text allocates 30% of betting revenues to the National Public Security Fund.

Are prediction markets instruments of information or simply “bets in disguise”?

The Brazilian Institute for Responsible Gaming (IBJR) has issued a statement regarding the possible creation of prediction markets in the country. The organization states that any operation in which a consumer assumes risk linked to the uncertain outcome of a sporting event constitutes a bet. This classification applies regardless of the terminology used, the technology […]