Overview
Brazil is Latin America’s largest economy and a major fintech market. Online betting regulation has been politically contentious.
Recent Developments
- 2026-09-25: President Lula signed MP 1,394 banning fixed-odds online betting (bets). ~R$60B annual spend cited. Withdrawals until Oct 5; site blocks Oct 6. 120-day congressional approval required (2026-09-26-brazil-online-betting-ban)