The Secretariat for Prizes and Betting (SPA) has informed relevant authorities that it has granted full authorizations to 71 businesses that applied for federal online gambling licenses.The update came from SPA President Regis Dudena, who informed the Parliamentary Commission of Inquiry (CPI) on Bet
The Brazilian Senate is set to launch an inquiry into the effects of online gambling on family budgets.The inquiry, which will be completed within 130 days, will also examine possible connections between online gambling and criminal organizations involved in money laundering.It comes less than two m
This year, the Brazilian Ministry of Finance hopes to earn up to 3.4 billion Brazilian reais (approximately 620 million USD) from regulating online gambling.The Ministry stated that this revenue forecast depends on whether the authorization applications received during the initial licensing phase ar
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