The Brazilian government is looking to partner with social media platforms and the Central Bank of Brazil to help the fight against the black market ahead of the legal market launch.
The regulated betting market in Brazil is set to go live on 1 January 2025. However there are lingering concerns over the black market. Offshore websites have proliferated the long lead-up to legalisation and, while 113 have applied for licences, this could be just a fraction of the total number of operators active in Brazil.
Normative Ordinance No 827 clarified operators will have until 31 December to gain authorisation. Any operators active after that date without a licence will face the sanctions outlined in Normative Ordinance No 1,233, which include fines of up to BRL2bn ($364.7m) and a ban on applying for a licence for up to 10 years.
