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    Brazil’s 85 betting licenses expire without refund before Congress and STF act

    Brazil’s 85 betting licenses expire without refund before Congress and STF act

    A total of 85 federal fixed-odds betting authorizations held by 82 operators have expired in Brazil following the conclusion of a 30-day statutory period. Nearly 190 commercial brands have lost their market access without reimbursement for their R$30 million ($6 million) licensing fees or deposits. The expirations took effect before the National Congress or the Federal Supreme Court acted on the matter.

    Summary based on reporting by Yogonet, which retains all rights to its text and images.

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