Brazil's online betting ban is now fully in force and heads to the Supreme Federal Court on 3 November, with Stake's brief court reprieve long gone. It is the story that matters most for the crypto casino and iGaming market this week.
Brazil: licences gone, hearing set for 3 November
- A São Paulo federal court partially granted Stake an injunction to keep operating until 25 October, after the president's provisional measure banning online gambling. The federal appeals court (TRF-3) suspended it the next day after the Attorney General's Office appealed.
- Reports say Stake's site and app have been offline in Brazil since around 10 October. Sources differ by a day on the exact date.
- All federal betting licences were extinguished on 25 October. Justice Luiz Fux declined to rule on an injunction request and scheduled a public hearing at the STF for 3 November.
For on-chain data watchers, the open question is whether displaced Brazilian play shows up as deposit flows to other offshore crypto casino brands. We will report it once Peeped's aggregates cover a full window after the shutdown, and we make no claim yet.
Stake Engine
Stake Engine, Stake's RGS platform for third-party game developers, is due its fortnightly check-in. We could not reach Stake Engine's public Insights page from our publishing environment, and the headline figures in circulation (publisher counts, games live, turnover, royalties) come from undated or secondary sources that disagree with each other. Rather than estimate, we are leaving the figures out this edition and will report them, with the change versus this edition, once we can read them from the primary source.
What we are watching
- The 3 November STF hearing and any move on the provisional measure.
- Whether the shutdown shifts Stake's volume in Peeped's published deposit data.
- Ongoing sweepstakes and offshore enforcement in US states, covered in recent editions.
Sources: SBC News · iGaming Business · Next.io · GamblingNews · Brightside of News