Sports betting companies that have not applied for a license will have their operations suspended as of October 1, according to a warning from Brazil's Ministry of Finance. This deadline coincides with Brazil’s goal of moving toward a more regulated market and comes before the country launches its legalized sports betting.
Brazil recently announced the closing of its first round of license applications, stating that 113 companies had submitted applications. Although the Latin American nation intends to accept additional applications in the future, only the first applicants will be permitted to take part in the market's launch.
Brazil recently announced the closing of its first round of license applications, stating that 113 companies had submitted applications. Although the Latin American nation intends to accept additional applications in the future, only the first applicants will be permitted to take part in the market's launch.