Operators in Brazil will have to be based in the country to offer their services, according to the finance ministry.
As reported by Reuters and Yogonet, Brazil is looking to properly regulate the sector after the deadline for doing so in a four-year window passed in December.
Brazil’s finance minister Fernando Haddad has been leading the charge.
Reuters quote him as saying: “The regulation will require that betting companies are based in Brazil.”
He added: “Lack of regulation and collection of taxes also caused Brazil to fail to structure and maintain a monitoring network of suspicious behaviour.”
