Baptista, who founded Pay4Fun in 2018 after identifying a gap in the financial aspects of online entertainment sites in Brazil, also recognized the importance of regulation in Brazil.
“Today, 100% of the market is Pix. Brazilian regulation is one of the best in the world, it was very well done. Everything has a reason, you can't use boletos because it facilitates money laundering,” he said.
For the expert, Brazil has the capacity to be the largest regulated market thanks to the popularity of betting and Pix. “Two out of every 3 Brazilians have bet on something in their lives, whether it be the lottery, Megasena or playing truco at the college bar,” he concluded.
Source: Poder360
