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In the third of our exclusive Brazil interviews this week, the gambling lawyer provides our most pro-industry viewpoint yet. Indeed, he argues that regulatory instability will benefit no one, and that politics should be separated from "legitimate concerns."
Instituto Conecta Cactus partnered with local organizations to provide food and entertainment in Minas Gerais, as its parent ecosystem faces the impact of Brazil’s betting restrictions.
The orders include three residential search warrants, searches of four vehicles and the freezing of financial assets up to the authorised limit.
Brazilian clubs are scrambling to replace sponsorship revenue after restrictions on betting advertising put major commercial agreements at risk.
The volume points to appetite in Congress for a narrower text than the Federal Government issued.
Brazil's Finance Ministry is investigating 14 operators for declarations that may have reduced federal tax collection, including a Blaze case with a potential $18.8m shortfall.
São Paulo police identified suspicious transactions and secured court orders to freeze assets linked to suspected illegal gambling, financial fraud and money laundering.
An executive at a parliamentary free market association says lawmakers' concerns over legal certainty for clubs and broadcasters make expiry the most likely fate for the MP.
The Malta-founded operator, which had concentrated nearly all its Latin American investment in Brazil, has laid off its entire local team following the betting ban. The Founder remains defiant on social media, though...
As our series of exclusive interviews on Brazil continues, the Founding Partner of MYLaw Advogados reflects on what led to Brazil's online betting ban, the chances of the measure being overturned and what the future may hold for the market.
