Brazil bars major brands during transition to regulated online gambling market

Wednesday, October 2, 2024 7:33 PM
Photo:  Shutterstock
  • Sonja Lindenberg, Next.io

Brazil’s finance ministry has released a list of 192 brands from 89 companies that are permitted to operate in the country ahead of the launch of its regulated gambling market on 1 January.

However, some well-known operators including Esportes da Sorte and Vai de Bet have not been approved during this transitional phase.

The absence of Esportes da Sorte comes amid a scandal involving the company’s CEO, Darwin Henrique da Silva Filho, who was arrested in September over allegations related to a money laundering ring.

Despite the controversy, the operator maintained its innocence, attributed its exclusion to a formal error and is now seeking rectification from the ministry.