Speaking to iGaming Expert, he emphasised the importance of data-driven dialogue with the industry and policymakers, as a crucial election looms in the country.
How is the uncertainty surrounding taxation impacting the current performance of the Brazilian market?
There is broader legal uncertainty, not only tax-related. However, focusing specifically on taxation, the current environment delays investment decisions, increases unfair competition due to the illegal market and makes long-term planning more difficult. As a result, predictability decreases and expansion slows down.
Has the appetite for the market dwindled as a result of tougher taxation rates?
The appetite has not disappeared, but it has become more selective. Well-capitalised operators with strong governance structures are able to adjust their business models and products to mitiga..
