President Luiz Inácio Lula da Silva has abruptly ended Brazil's regulated online gambling market, impacting major international companies and leaving consumers in disarray.
Flutter Entertainment has ceased operations in Brazil following a government ban on online betting and gaming. The company is reviewing its options and engaging with authorities.
Senator Camilo Santana proposes a monthly betting limit to protect gamblers from excessive spending. The limit would be 5% of the minimum wage, around $16.
RubyPlay has boosted its footprint in Brazil through Betnacional, a prominent local operator. The company is bringing a multi-studio game offering, including tailored and bespoke experiences.