Brazil welfare recipients spent $647m on betting
A new report from Brazil's Federal Audit Court found that, in just one month, social welfare recipients spent over a quarter of their Government benefits betting online.
A new report from Brazil's Federal Audit Court found that, in just one month, social welfare recipients spent over a quarter of their Government benefits betting online.
The B2B provider has shown a major surge in the 'interactive' department, delivering a record quarter.
The Brazilian trade association warns that doubling tax rates for sports betting and online lotteries could drive players to illegal operators.
The First sportsbook platform is said to be designed with LatAm-focused capabilities for Brazil residents, such as regional betting behaviors, payment systems and sports culture.
The city's heritage department flagged "impertinent expenses" related to the club and triggered a new audit.
Lawmakers will vote on several proposals reshaping Brazil's gaming framework.
Chamber of Deputies leader Sóstenes Cavalcante has introduced a bill to outlaw all forms of virtual betting across Brazil.
A betting advertising campaign featuring footballer Vini Jr. went viral, having coincided with his relationship announcement with influencer Virginia Fonseca.
The São Paulo municipality announced a BR4.5m ($850,000) investment in a 20-year lottery concession.
A BR4m ($742,000) payment from Corinthians to the law firm representing Pixbet has surfaced in documents from one of Brazil's congressional inquiries.