(Credit: janews094 / AdobeStock) What Does the Opening of Brazil's Gambling Market Mean For Global Firms?
The Brazilian Bar Association forbids international law firms from practicing local law in the country, but global law firms can still get in on the growing sector by advising on cross-border M&A.
February 09, 2024 at 07:01 AM
4 minute read
The original version of this story was published on Law.com International
Brazil is betting big on gambling after nearly a century of restrictions, upping the ante for law firms to guide players in the sector on how to do business in one of the world's largest and most complex economies.
President Luiz Inácio Lula da Silva signed a law in December that regulates fixed-odds betting in Brazil, where online wagers have flourished in a gray area since sports bets were legalized in 2018—undoing a prohibition in place since the 1940s.
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