Brazil iGaming Demand Falls 20.1% After Betting Ban
Blask recorded a sharp one-day surge in search demand after the prohibition was announced, followed by a 20.1% weekly decline as Brazil approaches its October 6 shutdown.
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Blask recorded a sharp one-day surge in search demand after the prohibition was announced, followed by a 20.1% weekly decline as Brazil approaches its October 6 shutdown.
IBJR and ABRAJOGO say Brazil's betting ban could accelerate migration to illegal operators and create billions in lost tax revenue and licensing-related liabilities.
Davi Brito, Luqeta, Yuri Brida and other major Brazilian creators have criticised the restrictions, citing illegal gambling risks and lost sponsorship income.
Bet Legal says the daily rate of newly detected illegal gambling sites more than doubled after Brazil announced its ban on betting and online casino operations.
A provisional measure signed by President Luiz Inácio Lula da Silva immediately stops new deposits, with licensed betting sites set to close on October 6.

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