World Cup Triggers Sports Wagering Talk in Brazil

Just as we get the news out on Mississippi looking to open up online gaming, the sleeping giant of sports wagering (South America) stirred in her sleep. With all of the World Cup events that will be coming up, it has led to the discussion of legalizing sports gambling in Brazil, the host of the international games. Now, it is probably a little early to tell you we told you so, but...

Unregulated online gaming is a huge market down in South America and with the anticipated increase in sports betting with the upcoming World Cup in 2014 and the Olympics in 2016, officials know that in order to better prevent fraud, money laundering, and match fixing, they seriously need to consider regulating and legalizing sports betting. This will allow officials to monitor the process instead of keeping it underground and in the dark where some shady things can happen. Plus, they will clearly benefit from it in the form of increased tax revenue and more jobs. 

Anyways, more and more states and countries are regulating the past-time of sports betting and online gaming altogether, just as we have been predicting. We are truly on to something and are heading down the path to funding as fast as we can so that we can be in prime position to take advantage of these regulatory changes. We have a better product than what is currently out there. We just need to find the right financial partner(s).

Until next time.

The Wager Wars Team
Throwdown@WagerWars.co

Source: http://calvinayre.com/2013/08/22/sports/world-cup-and-olympic-games-trigger-debate-on-sports-regulation/