Brazil could become the world’s second largest online gambling market if it adopts a competitive licensing regime, according to a new study, but whether policymakers will opt for that regulatory model remains uncertain.
A European-style online licensing framework in Brazil would create a market worth an estimated R$6.7bn (US$2.1bn) in annual gross gaming revenue, according to a KPMG study commissioned by the London-based Remote Gambling Association (RGA).
An RGA delegation recently traveled to Brasilia to highlight the report’s findings, putting the online industry alongside international casino groups and Brazilian bingo interests who are lobbying around legislative proposals that would establish a major new global gaming jurisdiction in Brazil.
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