In response to the Ministry of Finance's recent warning, a number of gambling companies have applied for licenses to operate sports betting in Brazil. Although these companies won't be able to begin operations at the opening of the regulated market, they won't run the risk of facing legal issues in the nation.
According to a recent announcement from Brazil's Ministry of Finance, any sportsbook company operating after October 1st without a license will be deemed to be operating unlawfully. A few months prior to the official opening of the nation's sports betting industry, this announcement was made.
According to a recent announcement from Brazil's Ministry of Finance, any sportsbook company operating after October 1st without a license will be deemed to be operating unlawfully. A few months prior to the official opening of the nation's sports betting industry, this announcement was made.