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    Brazil’s betting industry warns of job losses and illegal market growth ahead of Supreme Court hearing

    Brazil's betting sector has cautioned that proposed prohibitions on fixed-odds betting could trigger widespread job losses and drive consumers toward the illegal market. Speaking at SBC Digital Brasil Day ahead of an upcoming Supreme Federal Court hearing, industry stakeholders highlighted the financial and regulatory threats facing operators.

    Summary based on reporting by G3 Newswire, which retains all rights to its text and images.

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    LOTERJ defends regulated betting model as Brazil faces industry prohibition

    LOTERJ President Fabíola Esteves has publicly defended the state lottery's regulatory safeguards amid broader national uncertainty surrounding fixed-odds betting in Brazil. Addressing attendees at SBC Digital Brasil Day, Esteves underscored LOTERJ's regulatory framework and proactive enforcement against unauthorized gambling ahead of an upcoming Supreme Federal Court review.