The Brazilian Institute of Responsible Gaming (IBJR) has urged the Brazilian government to reconsider its proposed Pix betting ban. As Brazil prepares to launch its legal betting market in January 2025, a potential Pix ban could push players to unsafe alternatives. Experts argue that restricting Pix won’t curb financial harm but will raise consumer costs […]
Brazil is the new frontier for Las Vegas casinos, and industry giants are betting big on its potential. With $17 million already invested, MGM and Caesars are leading the charge, eyeing both online and physical casino markets. Brazil’s ongoing regulatory changes could soon allow land-based casinos, paving the way for significant economic growth. Discover how […]
Brazil’s Banking Federation Chief Calls for Immediate Credit Card Ban on Gambling Payments Brazil’s unregulated gambling market faces a critical challenge as the use of credit cards continues unchecked. The Brazilian Federation of Banks (Febraban) president, Isaac Sidney, is calling for the immediate implementation of a credit card ban on gambling transactions. Learn why Sidney […]
Survey Reveals Financial Strain from Gambling as Brazil Prepares for Regulated Online Market Launch As Brazil gears up for the highly anticipated launch of its regulated online gambling market on January 1, 2025, new data underscores the urgent need for responsible gambling measures. A survey by market research company Hibou reveals that 10% of Brazilians […]
Brazil Moves to Legalize Land-Based Gambling: A Transformative Bill Heads to Senate Debate A New Era for Brazilian Gambling—In a significant legislative development, the Brazilian Senate is gearing up to debate Bill 2,234/2022, a comprehensive proposal aimed at revolutionizing the country’s gambling landscape. This bill, which introduces federal regulations for land-based casinos, horseracing, and the […]