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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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Galaxsys games now available on PokerStars – Games Magazine Brasil

Galaxsys games now available on PokerStars – Games Magazine Brasil

“Happy to share that from now on Galaxsys’s portfolio of games will be available with one of iGaming’s most prominent online brands, PokerStars, part of Flutter Entertainment,” informs the company on its social networks. PokerStars, founded in 2001, is the world’s largest real-money poker site, with a sportsbook and casino and continues to lead the...

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Montgomery law firm discussed sports betting and state lotteries at informal meeting in in São Paulo – Games Magazine Brasil

Montgomery law firm discussed sports betting and state lotteries at informal meeting in in São Paulo – Games Magazine Brasil

The meeting included insights into the current situation in the regulation of sports betting and online gaming, as well as the advances promoted by state lotteries in the development of the activity in Brazil. The afternoon tea was attended by the president of Loterj, Hazenclever Lopes Cançado, and public relations specialist Gabriel Quiliconi. Managing partner...

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