Brazil's fixed-odds betting ban costs Rio Grande do Norte cap makers about R$ 3 million
By The Weekly Edge desk ·
Summary
Two cap manufacturers in Caicó, Rio Grande do Norte, have lost orders from betting operators intended for Carnival 2027 after a provisional measure banned fixed-odds betting in Brazil. WRL Bonés expected to make 300,000 items for Esportes da Sorte, worth R$ 2.1 million and involving about 200 workers, while DF Bonés e Chapéus estimates a loss of around R$ 850,000 on 200,000 items. The source says the regulated sector had 84 licensed operators, 193 active brands and about 9 million monthly bettors, and that a Datafolha poll shows 78% of Brazilians back the ban.
Why it matters
The ban has already cost two local manufacturers Carnival orders from betting operators.