Tag
"Brazil"
6 results found
Regulation
Pixbet loses iGaming license after raids in $290 million Brazil laundering probe
Brazil's Ministry of Finance suspended Pixbet's license the same day police raided the operator amid a $290 million money-laundering investigation.
Regulation
77% of Brazilian bettors show signs of using unlicensed iGaming sites
A Locomotiva Institute survey found 77% of Brazilian bettors showed at least one sign of using an unlicensed iGaming platform in the past three months.
Regulation
Brazil banks close 323 accounts tied to unregulated iGaming platforms
Brazilian banks shut down 323 accounts in Q1 2026 over suspected ties to unregulated iGaming platforms, according to data obtained by Pay4Fun.
Regulation
Pixbet, one of Brazil's largest iGaming operators, put up for sale after regulatory troubles
Pixbet, one of Brazil's largest iGaming operators, is reportedly being shopped to buyers after license suspensions and a court-ordered shutdown over age-verification failures.
Betting
Nearly 74% of bets in Brazil are for $10 or less, Paag study finds
Payments and analytics company Paag found that 74% of bets on Brazil's regulated betting market in Q2 2026 were $10 or less, while bets over $195 made up under 1% of transactions but 20% of total volume.
Betting
Share of iGaming platform players in Brazil more than tripled during the 2026 World Cup
New Klavi research shows the share of Brazilians topping up licensed bookmaker accounts jumped from 11% to 34.8% during the 2026 FIFA World Cup, with average deposits up nearly 50%.
