BRAZIL · BUSINESS
Key Facts
—Up to 100 years: The Finance Ministry sealed the licensing files of online betting firms under Brazil’s freedom-of-information law, with some restrictions running for a century.
—What is hidden: Company submissions, the regulator’s technical opinions, how the R$30m ($5.96m) licence fees were paid and the ultimate owners of each app are now off-limits.
—1xBet flagged: Among the sealed cases is the approval of 1xBet, a Russian-origin operator banned in several countries that ran irregularly in Brazil while awaiting clearance.
