Brazil Bans Online Betting Before Election, Keeps $492M in Licensing Fees
Brazil banned sports betting and online casino games on Sept. 25, nine days before the first round of its presidential election. The decision ends a licensed market that opened in January 2025; the government is nevertheless keeping the $492 million (R$2.55 billion) operators paid for their licenses. A Seismic iGaming Change Just Before Presidential Vote […]
Key Takeaways
- Brazil banned sports betting and online casino games on Sept.
- 25, nine days before the first round of its presidential election.
- The decision ends a licensed market that opened in January 2025; the government is nevertheless keeping the $492 million (R$2.55 billion) operators paid for their licenses.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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