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Strong defense of Globo to regulation of ‘bets’ to generate taxes, jobs and controls in Brazil – Games Magazine Brasil

Strong defense of Globo to regulation of ‘bets’ to generate taxes, jobs and controls in Brazil – Games Magazine Brasil

Faced with a rapidly growing market in the world, Brazil faces the challenge of regulating online betting platforms, the popular ‘bets’ as they are called in the country, mainly associated with football games. The government finalizes the rules that will formalize the sector in the country from January 2025, including the provision for tax collection...

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Rei do Pitaco submits license application to operate sports betting and iGaming in Brazil – Games Magazine Brasil

Rei do Pitaco submits license application to operate sports betting and iGaming in Brazil – Games Magazine Brasil

With the application submitted by the legal entity MMD Tecnologia, Entretenimento e Marketing Ltda, in accordance with the current federal government regulations through Ordinance No. 827/2024, Rei do Pitaco ensures that its request is considered, and the license granted by December 31, 2024, as the protocol was submitted within the deadline established by the SPA....

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Lula signs decree that creates National Sports Betting Secretariat of Sports Ministry – Games Magazine Brasil

Lula signs decree that creates National Sports Betting Secretariat of Sports Ministry – Games Magazine Brasil

The new National Secretariat for Sports Betting and Economic Development of Sports was created by Decree 12,110, which approved a new structure for the Ministry of Sports’ staff. The area will have four divisions: – Electronic sports – Monitoring and evaluation of sports betting – Integrity – Entrepreneurship and the digital economy of sport In...

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UK stakes its claims to second spot in worldwide online gambling

UK stakes its claims to second spot in worldwide online gambling

Online gambling in the UK has risen significantly during and post-pandemic, as tax-free winnings, affordability and convenience all contribute to a surge in gambling across the UK. ADVERTISEMENT The UK has bagged second spot in the top online gambling nations list in 2024, with a projected revenue of about £11.01 billion (€12.80 billion), according to...