Ep 728: Brazil iGaming Under Fire: Should Operators Be Worried?

Mar 10, 2026

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In today's episode of iGaming Daily SBC Media Manager Fernando Noodt is joined by SBC Editor-at-Large Ted Menmuir and SBC Researcher Ana Maria Menezes as the trio discuss whether President Lula’s recent criticism of online casino games signals a genuine shift in Brazil’s gambling policy or simply political positioning ahead of the country’s 2026 presidential election.

Tune in to today's episode to find out:

Whether Lula’s targeting of the “tigrinho” slot game reflects a real regulatory threat or a symbolic move aimed at shaping public opinion.
How Brazil’s rapidly growing regulated market, with 83 authorised operators and around R$37bn in GGR in 2025, could make a crackdown politically and economically difficult.
What Lula’s rhetoric means for international operators that have already paid licence fees and invested heavily in the market.
Whether banning online casino games while keeping sports betting legal would even be workable from a regulatory standpoint.
If Brazil’s political risk is beginning to outweigh its status as one of the world’s most attractive growth markets for online gambling.

Host: Fernando Noodt
Guests: Ted Menmuir & Ana Maria Menezes
Producer: Anaya McDonald
Editor: Anaya McDonald

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