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Discover how Brazil’s regulated betting market evolved in its first year, with insights on market growth, regulatory changes, player behaviour and the opportunities shaping the industry’s next phase.
Notable Contributors
Carlos Cardama
Neil Montgomery
Magnho José
Co-founder of BiS SiGMA South America and Strategic Director for LATAM at SiGMA World.
Founding and Managing Partner of Montgomery, and one of the most respected gaming lawyers in Brazil.
President of the Brazilian Legal Gaming Institute (IJL) and Editor of BNLData Portal with 30 years covering the sector.
Ed Birkin
Luiz Felipe Maia
Fernando Garita
Managing Director of H2 Gambling Capital, the leading data and market intelligence consultancy in the global gambling industry.
One of Brazil’s leading gaming lawyers, with 20+ years of legal experience. Founding partner at MYLaw – Maia Yoshiyasu Advogados.
Gaming executive with 20+ years of experience in the global betting industry, with leadership roles across Latin America and Asia.
Marcelo Munhoz
Pedro Feitosa
Anamaria Bacci
Data Protection Officer at Apostou.bet.br with 12+ years of legal experience in the gaming and betting sector.
Professional sports betting trader active in the market since 2009, and today one of the most influential tipsters in Brazil with 1M+ followers across social platforms.
Journalist with 20+ years of experience in media and a specialist covering the iGaming and sports betting sector since 2021. Currently a Contributor at HIPTHER.
Débora Cunha Romanov
Compliance and regulatory lawyer with almost 20 years of experience in corporate law, contracts, data protection, and governance. Partner at Maia Yoshiyasu Advogados.
Market Highlights
Was the first year a success story, or just the beginning of a much tougher phase for operators?
Can regulation really channel players away from offshore platforms, or will illegal operators remain a structural part of the market?
Will operators be able to build sustainable businesses in such a competitive environment, with rising acquisition and compliance costs?
Will Brazil’s regulatory framework stabilise, or continue evolving as political and social pressures grow?
As competition intensifies, will the market consolidate around a few dominant operators?
How will major events like the 2026 FIFA World Cup stress-test the operational maturity of the market?