The new betting scenario in Brazil
Welcome to the third edition of Bazk News! In this issue, we provide the latest updates on Brazil's betting market, along with news that could significantly impact your business in this dynamic sector.
From new security regulations and a growing number of bettors to the preferred payment methods of Brazilians, the landscape is continuously changing. Staying informed is crucial for staying competitive in this industry. Enjoy reading it!
Betting market in Brazil: you need to get in on the game!
The Brazilian betting market is booming. More and more companies in the industry need payment solutions that can meet their local and international needs.?
Pix, for instance, is the preferred payment method for Brazilians. According to the country's central bank, it accounted for 40% of transactions in the country by the end of 2023. Additionally, Brazil is already the leader in digital commerce in Latin America, with an annual growth forecast of 20% by 2025, according to ENV Media.
In this context, the Topázio Powered by Bazk solution is an indispensable tool, ensuring security, transparency, and full compliance with Brazilian regulations. With Topázio Powered by Bazk, international merchants can confidently operate in Brazil, assured that they are aligned with local preferences and regulatory standards.
Does the new regulation include security requirements for betting?
With the publication of Regulation SPA/MF No. 722 of 2024, several security requirements for betting systems will come into effect. Would you like to know more on the subject?
Our Legal and Compliance Director, Marúcia Rucks, has shared insights on these updates to the Brazilian fixed-odds betting market on our LinkedIn profile.
领英推荐
Ask your questions now by clicking here.
Overview of the Brazilian Betting Market
Betting in Brazil has a rich history that stretches back to the colonial period, beginning with the introduction of card and dice games in the 16th century. By the 18th century, the first bookmakers and horse racing events had emerged. Today, fueled by technology, the internet, and Brazilians' deep love for sports, the country's betting market is experiencing unprecedented growth.
Discover more about the evolution of this market and the deep cultural ties between gambling, betting, and Brazilian society.
Read the key historical facts here.
Betting is Booming in Brazil—Don’t Miss Out!
In 2023, over R$ 54 billion was spent on betting in Brazil, outpacing even the country's beef exports. Don’t miss your chance to learn more about this rapidly expanding market and become a part of this thriving segment!
Discover all the details of the market’s growth here.
Stay informed with the latest news on Brazil’s payments and betting market. Subscribe to Bazk News and never miss an issue!