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Sports betting in Brazil will be privatized by the country after the proposed decree by the Ministry of Economy was signed into law in August by President Jair Bolsonaro. Expectation now is that the legalization will be complete and launch in 2024.

Favorite sports among Brazilian bettors 2024\n\n Soccer was by far the most popular sport to bet on in Brazil, according to a survey conducted among gamblers in early 2024. Overall, eight out of ten survey participants in the Latin American country reported betting on that sport.

Pix is an instant payment method in Brazil. Customers receive a Pix string or QR code that contains the amount to pay for services or goods to complete transactions. Customers then pay the Pix, before its expiration date, using their bank apps or internet banking.

PIX is a bank transfer payment method, built and owned by Brazil's Central Bank and linked to over 700 Brazilian financial institutions.