Brazil offshore iGaming still has twice the brands and 5% of demand
Unlicensed brands still fill most of the Brazil iGaming headcount. Search demand and the revenue baseline sit with the licensed list. On 1 January 2025 Brazil opened a regulated market for sports betting and iGaming. Law 14.790/2023 set a 12% levy on GGR, required licensed sites to run on a .bet.br domain, and barred advertising […]