Brazil’s regulated betting market has entered a new phase of maturity, combining rapid user growth with an aggressive crackdown on unlicensed operators. According to newly released data from the Ministry of Finance’s Secretariat for Prizes and Betting (SPA), 17.7 million Brazilians engaged in fixed-odds betting during the first half of 2025, generating BRL 17.4 billion … Continue reading Brazil Betting Boom: 17.7 Million Users Fuel Record Growth as Crackdown on 15,000+ Illegal Sites Intensifies