After a little over six months of operations, Brazil is more than living up to its billing as a uniquely complex and volatile market for online gambling.
When Brazil’s licensing system for fixed-odds betting debuted on January 1, observers were expecting the first few months of the new regime to be challenging due to a series of unique compliance requirements, unresolved policy questions, and the media and political blowback against online betting that had already caused heartburn in the run-up to the launch of the regulated market.
Few anticipated that the newly licensed industry would face the risk of a regulatory reset quite so soon after more than 70 operators each forked out R$30m (US$5.5m) for licences that netted Brazil’s federal government more than R$2bn (US$370m) in upfront fees.
In this updated version of its Brazil Playbook, Vixio provide essential intelligence about the online gambling and sports betting regulations in Brazil, now in effect, so you can better understand and stay up-to-date with the new compliance requirements and policy changes, empowering you to make the right next move for your business.
Fill out the form here to download a copy.
Vixio is a Regulatory Technology (RegTech) company, and a trusted source of independent regulatory intelligence for professionals in highly-regulated industries undergoing rapid and radical change.
The company is trusted by leading brands to deliver comprehensive, time-sensitive, and actionable intelligence on payments and gambling compliance, covering more than 180 jurisdictions globally, so they can stay ahead of regulatory change, mitigate risk and capitalise on new opportunities.
Source: GMB
