Brazil Betting Market Could Be Capped At 30 Operators

After aborting plans for an open licensing system, Brazil now intends to award just 30 concessions for online and retail sports betting, according to a consultation notice published on Tuesday.

Brazil’s Ministry of Economy opened its third recent consultation on sports betting on Tuesday evening, publishing draft plans for a concession process alongside a ten-page draft regulatory decree.

An earlier draft decree published last September had proposed an open licensing regime to implement a December 2018 law authorizing both online and retail fixed-odds sports betting.

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