Episode 31: All eyes on Brazil
Hugo rejoins Brendan Bussmann and Brandt Iden on the World Series of Politics to talk all things Brazil, starting with the progress towards regulated sports betting. The government has set out an ambitious timeline to launch the market by 1 January 2025, and it doesnât have a track record of hitting its deadlines.
But Hugo argues thereâs the will and the momentum to hit those dates â after a long wait, the legal market is almost here he says.
Land-based gaming headed to Brazil?
And the market is set to get even bigger, if movement in the Justice and Citizenship Commission (CCJ) is anything to go by.
Listen to the World Series of Politics on Apple Podcasts
PL 2,234/2022, which paves the way for legal casinos, bingo and jogo de bicho among other products passed the committee by 14 votes to 12 a few days back. Itâs now headed for the Senate plenary, and should pass unchanged it sails straight through to the presidentâs desk.
Essentially Brazilâs online betting opportunity could be about to blossom into something much, much bigger for the gaming industry.
