During a speech at the United Nations, President Lula slammed the gambling industry. He called gambling a “disaster” that primarily affects the poorest Brazilians.
A new proposal is on the table in Brazil: a ban on online sports betting. Senator Sérgio Petecão, who introduced the proposal, is concerned about the impact of gambling on people’s mental health and their wallets.
The Brazilian Ministry of Sports has published new guidelines for approving sports betting and iGaming operations.
A major investigation into money laundering practices has been launched in Brazil. And gambling companies in Curacao are also coming into the picture.
Flutter Entertainment is taking a big step into the Brazilian gambling market by buying a 56% stake in NSX Group. They are paying around $350 million for this.
Betano is currently outperforming everyone in Brazil. With a 23% share of the grey gambling market, Betano is at the top.
