The gambling industry in Brazil is quite complex. Apart from legal lotteries, other forms of gambling, such as casino betting, are prohibited in most areas. However, underground gambling activities still exist. The government continues to strive to combat illegal gambling while raising funds for pub
After the latest financial report was released, Betsson CEO Pontus Lindwall emphasized that the newly launched gambling services in Brazil and Paraguay will become the new engines for the company's continued growth in the Latin American market. In the first quarter of 2024, Betsson's revenue in Lati
The Brazilian Ministry of Finance's Secretariat of Prizes and Bets SPA has signed a technical cooperation agreement with Integrity Compliance 360. This agreement is part of Brazil's efforts to combat sports betting fraud.This is the fifth such agreement signed by SPA, following similar collaboration
The Minister of the Supreme Federal Court (STF), Nunes Marques, has decided not to issue a preliminary injunction to suspend the operations of municipal lotteries in Brazil. The dispute between the federal government and local lotteries continues.The decision by Marques was announced following alleg
The Brazilian government recently announced the expansion of the legal scope for electronic sports betting, officially incorporating popular global games such as "Counter-Strike", "Valorant", and "Fortnite" into the legal betting projects. This significant policy adjustment was signed by the Ministe
On January 1, 2025, Brazil officially launched online gambling regulation, marking a historic turning point for the market once referred to as the "sleeping giant."The latest data shows that the Brazilian online gambling market size has far exceeded expectations in the first quarter, with betting a
I. List of Required Documents for Brazilian Visa Application1. Basic Documents:Original Passport: Valid for more than 6 months, with at least two blank visa pages. Provide old passports if available.ID Photo: Recent color photo on a white background (4×5 cm), both electronic and paper versions requ
Altenar has been certified to provide virtual sports and remote gaming server (RGS) services in Brazil. This certification allows Altenar to offer virtual sports products in Brazil.To meet regulatory requirements, the company has undergone an evaluation process by the local government.The Altenar ce
In April 2025, the Brazilian cryptocurrency investment platform Braiscompany was exposed as a Ponzi scheme, resulting in a loss of $190 million for about 20,000 investors due to false promises of high returns. The mastermind was sentenced to 128 years in prison.This incident not only highlights the
The Brazilian Football Confederation (CBF) has signed an agreement to extend its exclusive partnership with Sportradar in integrity and regulatory services.This will help maintain the safety of the sport and detect any match-fixing incidents throughout the season.Sportradar will use its Universal Fr
In recent years, the Brazilian online gambling market has undergone a drastic transformation from a legal gray area to full regulation. On January 1, 2025, Brazil officially launched its regulated online gambling market, marking a new era for the country's gambling industry. However, this change hi
The Brazilian Ministry of Finance's Secretariat of Awards and Lotteries (SPA) has launched the regulatory agenda for 2025-2026, identifying 13 topics to be regulated within the year. The initiative was first launched through public consultation from February to March 2025, receiving over 200 proposa
To strengthen the supervision of illegal gambling activities, the Lottery and Gambling Bureau (SPA) under the Ministry of Finance of Brazil recently announced that it has officially launched a mandatory reporting mechanism for banks and financial institutions, requiring them to report suspicious tra
The gambling industry is rapidly "devouring" the wallets of Brazilians. According to the latest disclosure by the Central Bank of Brazil, the total monthly betting amount of Brazilians on gambling games has reached a scale of 30 billion Brazilian reais.Meanwhile, banks have started to regard gamblin
