By The Weekly Edge desk ·
Brazil's ANJL has challenged a direct connection between fewer Pix transactions and the prohibition of online betting, SBC Notícias Brasil reported. The association based its analysis on public data from the central bank.
ANJL's central bank data analysis challenges a direct link between Brazil's betting prohibition and fewer Pix transactions.
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ANJL and IBJR are seeking Supreme Court intervention to suspend Brazil’s betting ban.
The pending balance and unnamed companies leave operators and bettors without a full account of refunds still due.
The ban affects betting tax receipts and statutory allocations to public services, which BNLData says the government’s loss estimate excludes.
The growth in illegal sites increases exposure to betting platforms for children and adolescents in Brazil, according to the ANJL president.
The research addresses how Brazil’s betting rules and the challenge to the federal measure could affect operators and the regulated market.
The reported increase points to greater illegal betting activity facing Brazil’s regulated operators.