In January, Brazil’s regulated betting market showed a channelization rate where $101 million (63.89%) came from licensed local operators and $53 million (34.17%) from international operators, leaving nearly one-third of betting activities unregulated. Industry leaders stress that more work is essential to improve compliance and consumer education.
In January, Brazil witnessed the initiation of its regulated betting market, with an estimated channelization rate highlighting ongoing challenges. Approximately $101 million or 63.89% came from licensed local operators, while $53 million or 34.17% was attributed to internationally licensed operators. This data indicates that nearly one-third of betting activity remains outside the established regulatory framework, posing significant hurdles for policymakers and licensed operators alike.
Brazil’s betting landscape has undergone a significant transformation with the introduction of federal regulation. However, stakeholders have expressed concerns regarding the number of operators still engaging in unregulated activities. Industry representatives emphasize the need for improved compliance education and consumer awareness regarding the benefits of operating within the legal framework, as the government endeavors to create a more organized betting environment.
The launch of Brazil’s regulated betting market is a critical step forward; however, a substantial portion of the market continues to operate outside legal bounds. Prominent industry leaders highlight the importance of ongoing collaboration between licensed operators and regulatory bodies to enhance compliance and consumer education. Comprehensive strategies will be essential to ensure that the benefits of regulation are fully realized and to foster marketplace growth.
Original Source: next.io
