Brazil Reports 17.7M Placed Bets In First 6 Months Of Regulated Gambling Market

Brazil’s newly regulated gambling market attracted 17.7 million bettors in the first six months of the year. Brazil enacted Law No. 14,790/2023 (the “Law of Bets”), which established a federal regulatory framework for fixed-odds sports betting in January of this year. A report released by the Ministry of Finance’s Prizes and Betting Secretariat (SPA-MF) revealed that around 8% of Brazil’s 212 million population placed bets under the new sports betting regulations…
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