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* Considering limitations and finding ways to circumvent them. Government restrictions prevent Brazilians from making ⚾️ financial transactions with international bookmakers.
* Observations on tax laws for foreign bookmakers looking to operate in Brazil. The Brazilian government ⚾️ charges a whopping 20% tax on gross gaming revenues in the country, which can lead to a struggle for international ⚾️ bookmakers who do not support taxes in their mother country. This led to the migration of several major brands to ⚾️ neighboring countries, maintaining a significant presence in Brazil but avoiding such high taxes.
- Steve Horton- Horton Global Strategies LLC.