Court approves Attorney General's decision against Brazil betting company

Before Brazil's planned introduction of regulated sports betting, dozens of betting firms have submitted license applications. Those who failed to arrive on time filed lawsuits, claiming they were unable to adjust to the new legalization timeline.

A court recently ruled to keep an operator connected to an ongoing criminal investigation out, even though Brazilian authorities agreed to allow some of the latecomers in.

 

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As Brazil prepares to introduce regulated sports betting, many betting firms have rushed to submit their license applications. However, some firms that missed the deadline have filed lawsuits, arguing that they could not adapt to the new legalization timeline. In a recent development, Brazilian authorities have allowed some late applicants to enter the market, but a court has ruled to exclude one operator linked to an ongoing criminal investigation. This decision highlights the regulatory complexities surrounding the emerging sports betting landscape in Brazil .