Salem Radio Network News Tuesday, March 21, 2023


Brazil to require online sports betting firms be based in the country

BRASILIA (Reuters) – Brazil will require sports betting companies to be headquartered in the country, in addition to creating oversight mechanisms to curb fraud and manipulation of match results, its finance ministry told Reuters in a statement on Tuesday.

“The regulation will require that betting companies are based in Brazil,” the ministry said, as most are based abroad, as well as “improving the supervision, collection and dialogue with the agents that operate in the sector.”

(Reporting by Bernardo Caram; Editing by Sarah Morland)


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