According to data released by the Brazilian Federal Revenue Service (RFB), in the first six months since the implementation of gambling regulation in Brazil, the industry has contributed 3.8 billion reais (approximately 687.5 million US dollars) in taxes. This figure was disclosed in the tax monthly
Introduction: Navigating the Blue Ocean Market of ChallengesIn recent years, the Russian sports betting market has gradually become a focal point for international gaming enterprises. As the fourteenth largest gaming market globally, Russia has shown strong growth momentum under a highly regulated i
Global iGaming giant Evolution released its Q2 2025 financial report, showing a 3.1% year-over-year increase in net revenue, but a decline in profit, indicating that its growth momentum is slowing. Despite the moderate revenue growth, profit dropped from last year's 269.1 million euros to 248.3 mill
Recently, Wuhan Tianhe Airport Customs discovered two passengers attempting to enter the country with a large number of Labubu toys from the Pop Mart series through the "undeclared channel" during a routine inspection. Due to anomalies detected during luggage scanning, customs intercepted them on th
Should Finland Use Sweden as a Template for Gambling Liberalization Reform? As the country plans to end its long-standing gambling monopoly in January 2027, Sweden's recent gambling regulatory model is being viewed as a blueprint for Finland's reform.However, Finnish local legal expert Antti Koivula
The European online gambling market is experiencing unprecedented growth. The latest data shows that by 2024, the total revenue of European gambling is expected to reach 137 billion euros, of which online gambling accounts for 40%, about 55 billion euros. This figure represents a 7.84% increase from
The Vietnamese government's office held a routine press conference in Hanoi for 2025, focusing on the management of digital currencies and virtual assets. The government plans to promote the pilot operation of digital currency trading platforms and accelerate the establishment of relevant legal fram
As the global iGaming industry continues to expand, regulatory policies in various countries are evolving to ensure responsible gambling, fair competition, and enhanced protection of player rights. Entering 2025, operators, suppliers, and related practitioners need to closely monitor the latest glob
Betsul – a regulated company in the sports betting sector – announced its partnership with the International Betting Integrity Association (IBIA), the leading global voice dedicated to integrity in the licensed betting industry. The initiative aims to protect regulated sports betting markets from re
Hazenclever Lopes Cançado, president of Loterj, challenges the decision of Supreme Federal Court (STF) minister André Mendonça to ban the operation throughout Brazil of bets authorized by the agency. In a strong opinion article for Migalhas, he talks about the Court's and the Union's inconsistency
The ordinance (Portaria SPA/MF Nº 2.104) lists 52 companies that have received provisional authorizations to operate in the sports betting and iGaming market. These authorizations were granted to brands that have met the requirements, including the payment of a grant of R$30 million, but have pendi
The online gambling market in Africa is experiencing rapid growth, especially in Kenya and Nigeria, where the number of online gambling users has increased by over 30% in the past year. This trend has attracted widespread attention from international gambling operators and indicates that Africa will
EstrelaBet, one of the largest sports betting operators in Brazil, announces the payment of a R$ 30 million grant to the federal government. This collection represents a significant milestone in the licensing process for the regulated market that will come into effect on January 1, 2025. This progr
The Secretary of Awards and Betting (SPA) of the Ministry of Finance has accepted another judicial decision and updated the list of pre-approved bets to operate in Brazil. YG Gaming has been included to act with the brands 6z, 8pg, and 98br. Now, there are 103 companies representing a total of 232
The Brazilian Institute of Responsible Gaming (IBJR) has filed a request with the Secretary of Prizes and Bets asking the SPA to extend the deadline for uploading the necessary documents for the game certification pilot until December 30. The entity points out that "technical and operational challen
In his appearance before the CPI of Betting, the head of the SPA reported that these companies only need to comply with the final requirements. He also referred to the blocking of illegal sites and the regulation of advertising.Brazil.- Of the 114 companies that applied for authorization to operate
