Tech

Tech Roundup: Sports betting still lacks regulation in Brazil

This week: online gambling in a regulatory wormhole; a new marketplace for consumers with disabilities; venture capital gaining steam in Brazil

gambling online brazil
Image: Tele52/Shutterstock

This week’s topics: online gambling trapped in a regulatory wormhole; a new marketplace for consumers with disabilities; venture capital gaining steam in Brazil.

Unregulated online gambling already big business in Brazil

Brazil outlawed gambling in 1946, a rule which remained unwaveringly in force until legislation opened up to sports betting in 2018. Since then, however, gambling companies have been operating in the country almost completely without regulation.

Gambling jungle. A survey commissioned by Playtech, which produces gambling software, shows that uncertainty about how to safely bet online is a major deterrent for 39 percent of gamblers. 

  • In addition, 55 percent...
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