The executive stated during a presentation to investors that B3 and the sports betting market are different businesses.
“We have been surprised by the numbers on these (betting) platforms,” said Finkelsztain. “They are more like a casino business than capital markets infrastructure, they are very different businesses,” he added. "We don't see entry into this market now."
According to Finkelsztain, the betting business is more focused on "entertainment and casino" while B3 is focused on infrastructure for capital markets.
The executive mentioned that one of B3's focuses for next year is the broader development of its data area, with the launch of new products and an emphasis on segments in which the company has already operated, such as real estate and vehicles.
One of the developments is the entry into force of a real estate receivables registration platform that can be used to support financing for developers, especially small and medium-sized ones.
In addition to products, B3 is also discussing with authorities the creation of extended trading hours in 2024, company executives said.
B3 S.A. – Brasil, Bolsa, Balcão (in English, B3 – Brazil Stock Exchange and Over-the-Counter Market), formerly BM&FBOVESPA, is a stock exchange located in São Paulo, Brazil, and the second oldest of the country.
Source: Forbes Brasil
