-
Brazil gaming tax increases could push rates to 50%, threatening legal operators and boosting illegal betting markets. Industry warns of dire consequences. Current Tax Structure Creates Heavy Burden Licensed operators in Brazil currently face one of the world’s most complex tax structures. The existing framework includes a 12% gaming tax on gross revenue, combined with 9.25% from PIS and COFINS federal social contribution taxes. Municipal…
Read More
-
Bitblox, the creative team behind the hit crypto prediction games Up or Down? and 3 in a Row, is teaming up with YOLO Investments—a cool venture capital firm that loves everything blockchain and fintech. Thanks to YOLO’s support, Bitblox is ready to take its games to the next level! YOLO Investments has been a longtime fan of Bitblox, with its proprietary iGaming platform Hub88…
Read More
-
The founder of payments platform Papara has been arrested in Turkey on charges related to illegal gambling. Papara Founder Arrested in Massive $330 Million Illegal Gambling Crackdown in Turkey In a sweeping crackdown on illegal online betting, Turkish prosecutors arrested 13 suspects, including Ahmed Faruk Karslı, the founder and chairman of the popular fintech platform Papara. The early morning raids across Istanbul targeted a criminal network accused…
Read More