The country still hasn’t launched sports betting. It’s coming and will arrive within the next couple of weeks.<\/p>\n
With the announcement of the agreement between Cuiab\u00e1 and Luck Sports, the number of Serie A clubs that are sponsored by companies in the sector is almost 100%.<\/p>\n
Last week, Cuiab\u00e1 announced a sponsorship deal with bookmaker Luck Sports. Through the signing of its agreement, the club became the 19th club in the top level of the Brazilian Football Championship league to have a bookmaker as a sponsor.<\/p>\n
“Agreements with companies in this segment have grown a lot in the world of football. Our tradition is to always prioritize the companies of Mato Grosso, and Luck Sports is a bookmaker of Cuiabana<\/strong>,” said Cristiano Dresch, vice president of Cuiab\u00e1, after the signing of the sponsorship contract.<\/p><\/blockquote>\nThe only team in Serie A that does not have a sponsorship with any company in the sector is Palmeiras. It did previously. However, it decided not to renew its contract for this year with Dafabet.<\/p>\n
Sportsbooks Invest Heavily in Brazil<\/h2>\n There are 40 teams in the country’s two main divisions. Of these, 34 receive financial backing through sponsorships from sports betting operators. Among the 19 betting sponsors in the market, seven are main jersey sponsors. These include Atl\u00e9tico-MG (Betano), Atl\u00e9tico-GO (Amulet Bet), Am\u00e9rica-MG (Pixbet), Ava\u00ed (Pixbet), Botafogo (Estrelabet), Fluminense (Betano), and S\u00e3o Paulo (Sportsbet.io).<\/p>\n
The other clubs have betting brands with sponsorships that not only include exposure on the team’s jerseys but in other areas.<\/p>\n
Official data shows that around 450 sports betting sites currently operate in Brazil. Think tank Funda\u00e7\u00e3o Get\u00falio Vargas predicts that the market could move up to R$10 billion ($1.97 billion) a year in the country’s economy.<\/strong><\/p>\nBrazil plans to establish two new regulatory bodies that will deal with different levels of sports betting regulations. The monitoring body, known as SINAJ, will include a federal registry of operators. This will effectively be the main regulator of the industry.<\/p>\n
The second regulator will focus on problem gambling. The National Register of Prohibited Activity (RANAPRO, for its Brazilian acronym) will have the sole purpose of protecting vulnerable bettors from harm.<\/p>\n","protected":false},"excerpt":{"rendered":"
Most countries are determined to separate sports and sports betting. Brazil, which doesn’t even have legal sports betting yet, is going in the opposite direction. Around the world, countries that have legal sports betting want to build a wall between sportsbooks and sports organizations. Italy, the UK, Australia and others spend an exorbitant amount of […]<\/p>\n","protected":false},"author":64,"featured_media":203914,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,1074],"tags":[],"acf":[],"yoast_head":"\n
Brazilian Serie A Soccer: Only One Team Not Tied to Sports Betting - Casino.org<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n