In January, Brazil’s regulated betting market channeled $101 million from licensed operators, while $53 million came from international sources, revealing that nearly one-third of betting activities remained unregulated. Industry experts stress the importance of improving compliance and educating users about the benefits of legal betting. Despite regulation, there are challenges ahead for operators and policymakers.
In January, Brazil’s newly regulated betting market observed a channelisation rate where licensed operators accounted for $101 million, representing 63.89% of the total revenue. However, $53 million, or 34.17%, was generated from operators with international licenses, indicating that nearly one-third of betting transactions occurred outside the local regulatory framework. This underscores a significant challenge for both policymakers and licensed operators in transitioning users into the legal market.
Brazil’s betting market has transitioned towards regulation, yet a substantial portion remains unregulated. The shift began with the implementation of new regulations intended to channel gambling activity through licensed operators. However, many users are still utilizing international platforms, which poses a challenge for the growth and enforcement of local regulations. Stakeholders are focusing on education and compliance to increase participation within the regulated system.
The insights into Brazil’s betting market reveal that although a majority of betting revenue in January was channeled through licensed operators, a significant portion remains unregulated. Industry leaders emphasize the need for continued efforts to educate consumers and improve compliance mechanisms. The overall performance suggests that as the market evolves, strategies must adapt to reinforce the growth of legal betting options while addressing compliance concerns.
Original Source: next.io
