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Orange Gaming launches new online casino and sports betting system in Brazil – Games Magazine Brasil

Orange Gaming launches new online casino and sports betting system in Brazil – Games Magazine Brasil

The official presentation of the system is one of the major highlights of Afiliados Brasil, the largest affiliate marketing event in Latin America, which starts today (23) in São Paulo. Orange Gaming brings a series of innovations aimed at enhancing the earnings of affiliates, influencers, and traffic managers, setting a new benchmark in the market....

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Loterj receives OAB/Barra da Tijuca Commission to discuss sports betting – Games Magazine Brasil

Loterj receives OAB/Barra da Tijuca Commission to discuss sports betting – Games Magazine Brasil

The president of the Special Committee on Sports Betting Platforms of the 57th Subsection of the OAB/RJ (Brazilian Bar Association – Rio de Janeiro State Section – Barra da Tijuca), Mozart Castello visited Loterj. At the meeting, held this Tuesday (21), issues related to the promotion of sports betting activities, prevention of game manipulation and...

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Finance publishes ordinance that defines rules to  authore operation of sports betting and iGaming – Games Magazine Brasil

Finance publishes ordinance that defines rules to authore operation of sports betting and iGaming – Games Magazine Brasil

The Ordinance SPA/FM No. 827 establishes the rules and conditions for obtaining authorization for the commercial exploitation of the fixed-odds betting lottery modality and online gaming by private economic agents throughout Brazil’s national territory. It stipulates that the commercial exploitation of fixed-odds betting and online gaming will be exclusive to legal entities that receive prior authorization...

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Press FC takes over communication of sports betting and iGaming house BETesporte – Games Magazine Brasil

Press FC takes over communication of sports betting and iGaming house BETesporte – Games Magazine Brasil

BETesporte operates in the betting sector with varied betting options and offers thousands of events daily. On the platform, users have access to an innovative, technological and friendly interface, which encompasses numerous sports, from football to MMA, tennis, basketball and many others. With the aim of offering a dynamic and interactive service, the company integrates...

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Digital transformations: the growth of online betting in Brazil post-pandemic – Games Magazine Brasil

Digital transformations: the growth of online betting in Brazil post-pandemic – Games Magazine Brasil

ANBIMA, a reference in the Brazilian financial sector, and Datafolha, one of the country’s leading research institutes, annually conduct the Brazilian Investor Profile study. This survey, now in its seventh edition, plays an important role in mapping the changes in the financial habits of Brazilians, especially during periods of significant economic transformation such as the...

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Congress overturns Lula’s vetoes, Income Tax on sports betting and iGaming will be annual – Games Magazine Brasil

Congress overturns Lula’s vetoes, Income Tax on sports betting and iGaming will be annual – Games Magazine Brasil

Thus, Law 14,790/2023 returns to its original format, ensuring a fairer taxation aligned with the expectations of the sports betting and online gaming sector, which advocated for the exemption threshold and annual collection of Income Tax on the net betting results. By rejecting items 1 to 3 of the presidential veto, the National Congress accepts...

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With sector regulation, sports betting market could grow 50% per year until 2028 in Brazil – Games Magazine Brasil

With sector regulation, sports betting market could grow 50% per year until 2028 in Brazil – Games Magazine Brasil

According to information from Datahub, a market data and information platform, the sector’s revenue more than doubled in 2023, reaching around R$ 120 billion (US$ 23.7bn) per year. “The sector has been growing exponentially since 2018 when Law 13,756/18 was approved, legalizing online sports betting in Brazil. But now, with the market regulation following the...

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Globo and BetMGM close to reach an agreement to create a sports betting house – Games Magazine Brasil

Globo and BetMGM close to reach an agreement to create a sports betting house – Games Magazine Brasil

With the recent regulation of sports betting in Brazil, interested companies face new financial requirements, including a substantial licensing fee of R$30 million (US$ 6m), valid for five years, and an additional tax on revenue. This aims to balance the market and generate revenue for the government. Grupo Globo, using Cartola FC’s CNPJ, expressed interest...

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Rio de Janeiro governor to question Supreme Court regarding sports betting law rules – Games Magazine Brasil

Rio de Janeiro governor to question Supreme Court regarding sports betting law rules – Games Magazine Brasil

Loterj has been bombarded with accusations that it was exceeding territoriality by allowing sports betting and online gaming companies to operate outside the limits of Rio de Janeiro based on licenses granted by the Rio de Janeiro State Lottery. In addition to the Ministry of Finance, through the Secretariat of Prizes and Betting (SPA), Lottopar...

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Betting is entertainment and should not be seen as an investment, says gaming law expert – Games Magazine Brasil

Betting is entertainment and should not be seen as an investment, says gaming law expert – Games Magazine Brasil

To this end, he defends responsible gambling, which is provided for in the sports betting law – bookmakers themselves cannot encourage compulsive gambling, nor the idea that profit is a guarantee. Although the research provides a comparison between the betting market and the financial and capital markets, the report indicates that 70% of bettors do...

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