iGaming

With a population exceeding 210 million, Brazil stands as the largest country in South America, representing a significant potential customer base. As such, Brazil's gambling market represents one of the largest untapped opportunities globally, promising significant growth potential for providers. Historically, Brazilian authorities enforced strict regulations on gambling, allowing only limited forms such as lotteries and horse racing.

In many cases, you must verify the age of prospective customers before they get access to products or service; this is when cross-border compliance gets especially tricky.

On April 4, the province of Ontario is set to launch the first licensed and regulated iGaming market open to private operators in Canada.

Many companies fail at complying with current KYC regulations and major names in the banking sector have faced hefty fines. What needs to change?