[ORGANIZATION]
Cicef (Centro Internacional Celso Furtado)
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Brazil online betting losses and consumer impact
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Latest: Brazil cracks down on online betting through bans and raids
Mid‑2026 data showed Brazil’s regulated online betting market with about 39.5 million participants generating nearly R$10 billion in federal tax revenue. A study by the Comitê Nacional de Secretários de Fazenda (Comsefaz