In January, Brazil’s regulated betting market saw 63.89% of activity from local operators and 34.17% from international ones, indicating that about one-third of transactions happened outside the regulated sector. Industry leaders emphasize the need for ongoing efforts to educate consumers and ensure compliance as the market evolves.
January marked the first month of Brazil’s newly regulated betting market, with a channelisation rate revealing $101 million (63.89%) attributed to licensed local operators and $53 million (34.17%) coming from internationally licensed operators. This indicates that approximately one-third of all betting activities remain outside the regulated framework, posing challenges for both policymakers and licensed entities seeking to promote compliance.
The regulated environment is under scrutiny from industry stakeholders looking to assess its impact. The National Association of Games and Lotteries (ANJL) recognized the federal regulation as a positive development but emphasized the ongoing need for more operators to transition to the legal market and the necessity of consumer education about the benefits of regulated betting.
Brazil has recently implemented regulations for its betting market, aiming to channel activities through licensed operators. Despite the introduction of regulations, a significant portion of betting remains unregulated. This situation reveals a critical gap that policymakers and operators need to address to enhance compliance and provide a safer betting environment for consumers. A data-driven understanding of market dynamics is essential for stakeholders to navigate this transition successfully.
The initial figures from January illustrate that Brazil’s regulated betting market still faces considerable challenges, with nearly one-third of betting activities remaining unregulated. Stakeholders, including ANJL and market leaders, suggest that concerted efforts are necessary to educate consumers and improve regulatory compliance. Continued monitoring and adaptation to the new regulatory environment will be vital for restoring growth within the licensed market.
Original Source: next.io
