21
Esports titles popular in Latin America
League of Legends , CS : GO , Pro Evolution Soccer , Dota 2 , FIFA
“ It was expected that 2020 would usher in full sports betting regulation to [ Brazil ], only for the pandemic to bring a temporary halt to these plans ”
STATE OF ESPORTS BETTING IN BRAZIL
Esports is expected to become one of the most popular sporting categories in Brazil over the next few years , with fans interested in games such as League of Legends , CS : GO , Dota 2 , FIFA 21 and Call of Duty .
It ’ s Latin America ’ s leading gaming market , and is known for its rapidly growing fanbase of esports enthusiasts .
Until recently , gaming and betting in Brazil had generally been regarded as illegal since 1946 and was considered a criminal misdemeanour pursuant to Article 50 of Decree Law 3.688 / 1941 .
Although the Decree Law provides a clear prohibition on sports betting , on 12 December 2018 , the Brazilian congress approved Law 13.756 / 2018 , which permits fixed-odds sports betting via lottery . This granted powers for the Ministry of Economy to regulate the activity , within a four-year time span , and issue licences . The law is still subject to further regulation before the
BRAZIL ESPORTS BETTING PROJECTION *
14.5m
2020
15.8m
2021
* Number of people ( in millions ) betting on esports . Data projected by selecting those in Newzoo ’ s esports audience aged 20 +
first legal wager can be struck , however . It was expected that 2020 would usher in full sports betting regulation to the country , only for the pandemic to bring a temporary halt to these plans .
Last year , Waldir Eustáquio Marques Jr ., an undersecretary with the Ministry of Economy , told the BgC Digital Experience that he expected fully regulated sports betting to launch in Brazil ahead of the 2022 World Cup .
With regards to esports , under the Senate Bill of Law 383 / 2017 , esports has been recognised as a valid category of sports , meaning that esports betting may be officially allowed in Brazil under certain limitations . That being said , the esports betting industry is already flourishing , with companies involved in the space more than happy to publicly announce their expansion into the country .
STATE OF ESPORTS BETTING IN ARGENTINA
There is no overarching federal regulation of esports or sports betting in Argentina . Instead , under the country ’ s constitutional system , the regulation of esports betting ( and other forms of gambling ) is made to fall within the jurisdiction of the different provinces .
For example , Buenos Aires Province has enacted Law 15.079 , which regulates online gambling , including those based on the ability of players as well as those based on pure chance .
This includes electronic machines , casino games , esports betting , lotteries , horse racing betting and wagers on real sporting and non-sporting events .
July 2021