Betfair: Betfair takes key step in securing Brazilian betting license with $5 million payment

Online betting operator Betfair announced it has completed payment of the R$30 million (US$5 million) licensing fee required to operate in Brazil's newly regulated sports betting and iGaming market. The payment, made on November 29, marks a significant milestone in Betfair's journey to become one of the first companies granted a license under Brazil's updated regulatory framework. The...