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When and under what terms do you think sportsbetting will be given the green light?


Brazil is the largest country not yet fully having legalised gaming broadly. Te hypocritical approach adopted by authorities has taken its toll in the loss of taxes and jobs that could already have been generated by a regulated industry, especially in times of the Covid-19 pandemic, during which period such needed resources would be vital for financing the fight against the virus. Tis is a problem for the country. Te only way forward should be the widespread legalisation and regulation of games of chance of all sorts. Tis is why I have always defended, when it comes to fixed odds sports betting, for example, for the government to adopt the “authorisation” business model rather than the “concession” model. We will have to see what comes out of the BNDES studies aiming to establish the legal framework for fixed odds sports betting in Brazil, but I sincerely hope that the federal government will see that the “authorisation” model, in which all operators satisfying certain legal and financial requirements are granted a licence (without any


We will have to see what comes out of the BNDES studies aiming to establish the legal framework for fixed odds sports betting in Brazil, but I sincerely hope that the federal government will see that the “authorisation” model, in which all operators satisfying certain legal and financial requirements are granted a license (without any limitation on the number of licenses being granted), is to be much more beneficial to Brazil and to the market than the


“concession” model that is more recently being supported by the Brazilian Executive.


limitation on the number of licenses being granted), is to be much more beneficial to Brazil and to the market than the “concession” model that is more recently being supported by the Brazilian Executive.


What are your expectations of the market overall? Do you think that Brazil could one day allow for casinos and online casino games?


I believe that if indeed the BNDES studies and conducted in a swift manner and the regulations are finally laid down for fixed odds sports betting in the next few months, we should see the first licenses being made available as early as the first half of 2022.


Unless the Bills of Law underway at Congress that aim to legalise all forms of land based and online games of chance are approved and converted into law this year of the STF indeed rules on the constitutionality of article 50 of the Criminal Contraventions Law in the second semester, the next vertical the federal government seems to have an eye on is casinos, especially in the context of integrated casino resorts, to develop tourism throughout Brazil.


Tat being said, I do believe that in the next five years we may indeed see the installation of traditional land based casinos again in Brazil as well as online casino games.


WIRE / PULSE / INSIGHT / REPORTS P87


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