⚖️ Unlicensed Gambling Dominates Brazil

Brazil's online gambling scene is facing a significant challenge. In Q2 2025, 55% of revenues came from unlicensed operators, according to Yield Sec. This highlights the burgeoning issue of offshore platforms, which outnumber legal alternatives by 14 to 1, targeting Brazilian players. A study by Instituto Locomotiva reveals that 61% of Brazilian bettors used these offshore sites at least once in 2025. With 72% of users unable to distinguish between licensed and unlicensed operators, the Brazilian government is losing over $1.8 billion annually. For the first quarter of 2025 alone, revenue losses were estimated between $324 million and $486 million. This underscores a critical opportunity for regulatory clarity and market expansion. 🌎📈