Sports betting operators have huge losses

Not only the astonishment of the fans of the teams involved but also of the specialized media, the repercussion of these events went beyond the limits of the four lines. The victories of the unlucky visitors caused, to the informal operators of Sports Betting that have activities in the Brazilian market, a complete chaos, with an estimated loss in tens and even hundreds of millions of dollars.

To get an idea of what this can mean for the user, there are reports of bettors who, after a bet of R$10, got prizes of R$ 23 thousand.

As a result, many of these operators are in a delicate situation, seeking to find a way to pay the awards of the winning users, including considering terminating their activities in Brazil. However, many such operators have already informed the winning users that they will honor their commitments and pay the prizes through a payment plan.

Situations like this show that sports betting activity requires serious treatment, as it is subject to unpredictable events like this. The lack of a specific rule granting guarantees to users and security to operators allows the occurrence of extreme experiences such as this occurred last week.

Thus, it is salutary to legalize sports betting in Brazil, because the user interested in this type of games will always find a way to participate in them. Specific rules and regulation will provide a safe experience for both users and sports betting service providers.

Marcelo Munhoz da Rocha

Marcelo Munhoz da Rocha is a legal consultant and gambling specialist at BetConsult, a company specializing in Gambling and Gaming, with services and activities focused on the Brazilian market. He is also the manager of the Criminal Law Department of the Lenzi Advocacia Office, a law enforcement firm that provides complementary legal services to the clients of the gambling area.