The Brazilian government has launched legalized sports betting and online gaming, allowing residents 18 and older to place bets with specific regulatory requirements.
With soccer being the dominant sport in Brazil, the Campeonato Brasileiro Série A is expected to be the biggest beneficiary of the new sports wagering regulations.
The government emphasizes responsible gambling, stating that they may reverse the legalization of betting if there are significant concerns surrounding addiction.
A total of 68 online gaming and 67 sports betting licenses have been approved, featuring global brands like Betfair, bet365, and Stake.com.
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