Finance Ministry: Brazil’s Sportsbooks Must be Based There

Sat, Mar 18, 2023

Brazil’s Finance Ministry will soon publish regulations for sports betting. They will require sportsbook operators to be headquartered in the country. They will each pay U.S. $5.75 million for a five-year license. This is expected to cut the number of operators from 500 to about 50.

Finance Ministry: Brazil’s Sportsbooks Must be Based There

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