Location: Brazil
Stake shut down as Brazil appeals court suspends stay after just one day
A Brazilian federal appeals court has suspended a lower-court injunction that temporarily allowed Stake Brazil to keep operating despite... more
Brazil betting layoffs exceed 3,500 as job cuts reach affiliates
More than 3,500 workers have been dismissed or had their contracts terminated in Brazil’s betting sector as a result of Provisional Measure... more
Stake granted preliminary injunction to continue operating in Brazil
Global online gaming operator Stake has been granted a preliminary injunction by Brazil’s São Paulo Federal Court on Thursday, following a... more
OPINION: Brazil’s betting sector must accept the role it played in its own downfall
Brazil did not ban betting out of nowhere. The industry helped build the case against itself, but it took a government willing to override... more
‘Institutional self-sabotage’ – Blask report identifies key repercussions in Brazil’s igaming shutdown
A new report by analytics firm Blask comparing the recent shutdown of Brazil’s online gaming market and India’s block of real money gaming... more
Most proposed amendments to Brazil’s ban support maintaining sports betting
The provisional betting ban set in place by Brazil’s president has seen over 40 amendments provided by lawmakers in Congress, which must... more
Jefferies analysts bullish on online sports betting after G2E
Looking back on the recently completed Global Gaming Expo, analysts for Jefferies Equity Research saw “long-term upside opportunities,”... more
Online gambling and crushing debt are transforming Brazil and hanging over its presidential election
For months, Brazil’s presidential race has been consumed by concerns over U.S. meddling, a scandal embroiling the Supreme Court and the... more
Sportradar pins hopes on prediction markets, analyst says
Prediction markets are performing up to expectations for Sportradar, J.P. Morgan analyst Samuel Nielsen wrote in a 29 September investor... more
Nearly 300 illegal betting sites created in Brazil one day after president bans gambling
The Bet Legal platform identified the creation of 415 new illegal betting sites after the publication of the provisional measure... more
