In Brazil, controversy grows around the sports betting market after the initiation of the necessary actions to speed up the privatization process and the subsequent signing of the decree that establishes that the National Bank for Economic and Social Development (BNDES) and the Ministry of Economy will be in charge of managing the actions.
As we have published on other occasions, the objective of the Brazilian government is to attract both national and foreign investors and thereby alleviate the state, improve the business environment and create jobs.
However, after Brazil President Jair Bolsonaro signed into law to privatize the legal sports betting market began the conflict: in the Senate, some have expressed their opposition to the transfer of sports betting to the private sector and emphasize that this action will not bring benefits to Brazil, but quite the opposite because social programs will lose direct income.
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