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how exactly does online gambling work in Brazil?

Brazil effectively banned gambling in 1946; a more-or-less all-encompassing restriction that remained largely in place until 2018, when sports betting was legalized. However, as virtually no regulation was ever implemented, Brazilian players and international gambling platforms have been operating in a somewhat grey area ever since. This is all due to change once Brazilian online gambling regulation is formally approved in the coming weeks. 



The limbo appears to work, at least on the face of it. And at least for international operators. Surprisingly, despite the lack of clear regulation, Brazil still manages to generate over 20% of all global online gambling traffic. 



It is for this reason that the Brazilian authorities have introduced new regulations to help the Brazilian gambling market capture what is viewed as lost revenue (a projected $1.5 billion in 2023) and bring it back within the fold of the Brazilian economy. 



In fact, the projected numbers are likely to be even larger when regulation finally passes, as there are vast swathes of the Brazilian would-be gambling community that are not currently gambling, despite wanting to.