#André Gelfi

President Jair Bolsonaro has kept the regulation of sports betting in Brazil "in limbo" , while it is estimated that the World Cup in Qatar moves more than 20 billion reais ($3.7 million) in bets in the country, without contributing taxes. The paradox is that Bolsonaro had in his hands the possibility to change this scenario, and take the market…

Online betting activity is becoming even more popular with the World Cup, according to companies in the sector. It so happens that the Brazilian market still needs regulation, which opens up space for opportunists and, mainly, for currency evasion. This is because the servers of these bookmakers are located in other countries where the practice is…

Outgoing President Jair Bolsonaro failed to enacted into law a bill for the country's billion-dollar grey gaming market, throwing efforts to establish a legal, regulatory framework for legal sports betting into an uncertain future. In another twist to the attempt to regulate the Brazilian sports betting market, outgoing President Jair Bolsonaro has…