Brazil Is Going Federal. The U.S. Went State by State. Which Model Gives Consumers Clearer Safeguards?
Brazil has moved from a largely emerging framework toward a national system for fixed-odds wagering, giving consumers a single federal reference point. Law 14,790 of 2023 established the core framework, as the Ministry of Finance's Secretariat of Prizes and Betting became responsible for authorization, supervision and enforcement. From January 2025, only federally authorized companies can operate…
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