“It was a business decision to leave markets where you don’t have your own platform. Since we were using a third-party platform, the company decided to stop operating in the country. There was no ban, it was a decision to leave the market,” said Bárbara Teles, Stake’s compliance director and a postgraduate in Law and Government Relations.
Bárbara, who works in the compliance area at one of the main global betting platforms, also criticized some of the betting ads. “The misleading advertising was very damaging to the market’s reputation,” she said.
For the expert, the regulation of betting in Brazil is beneficial. “The betting houses are injecting money into football in a positive way, we also need to see that they are promoting the sport,” she said.
Bárbara Teles was announced as compliance director at the end of January and brings with her extensive experience as a lawyer for companies in the sector and working in regulatory matters, governance, compliance and strategic legal solutions.
Stake has established itself as one of the main online casino and betting platforms in Brazil and the world, standing out for its technological innovation, quality service and commitment to social and legal responsibility.
Source: GMB
