Brazil has banned online betting to address household debt and gambling harm, but an October 15 analysis by The Economist argues that prohibition risks sending more players to unregulated operators.
Good To Know
- Brazil introduced the ban through a provisional measure on September 25.
- Betting operators have threatened claims over approximately $500 million in licensing fees.
- Congress must approve the measure within 120 days for it to remain in force.
Betting Restrictions Leave Brazil With An Enforcement Test
Closing licensed platforms does not necessarily remove demand. Industry representatives argue that unlicensed operators already account for an estimated 30% of gambling activity and could attract customers who lose access to…