Brazil government partners social networks preparing for gambling black market battle

In order to support the fight against the black market prior to the launch of the legal market, the Brazilian government is looking to collaborate with social media companies and the Central Bank of Brazil.

Brazil's regulated betting market is scheduled to open for business on January 1, 2025. On the other hand, worries about the black market continue. The long wait for legalization has resulted in an explosion of offshore websites; although 113 have applied for licenses, this may only represent a small portion of all operators operating in Brazil.
 
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