Strong Interest in Brazil’s New Betting Market

[MissExposé]

Brazil’s legal betting market attracted 113 license applications, surpassing initial expectations despite high costs and regulatory challenges. The surge in applications followed the release of key ordinances clarifying regulations, although concerns remain about processing these applications in time for the January 2025 launch. Additionally, the effectiveness of new regulations in combating the black market and the potential economic benefits for Brazil are yet to be fully realized.

Source: https://www.casinonewsdaily.com/blog/2024/08/22/brazils-betting-market-attracts-over-100-licence-applications-before-deadline/