Flamengo, a Brazilian football team, has opened a sportsbook called Flabet, which may serve as a model for other teams to follow.
Flamengo announced plans to introduce Flabet earlier this month, with Pixbet, the team's primary sponsor, handling the brand management. Instead of relying solely on sponsorship to fund operations, the operator can now actively participate in Brazil's sports betting industry thanks to the arm's-length agreement.
Flamengo announced plans to introduce Flabet earlier this month, with Pixbet, the team's primary sponsor, handling the brand management. Instead of relying solely on sponsorship to fund operations, the operator can now actively participate in Brazil's sports betting industry thanks to the arm's-length agreement.