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Sports bets were legalized in Brazil in 2024 but never regulated. Since then, dozens of betting firms, including bet365, Betano and Betfair, have been aggressively expanding in the country. Our Standards: The Thomson Reuters Trust Principles. South America mostly accepts Bet365 inside its borders, and many countries provide licenses to the bookie, such as Brazil and Mexico. There are two main exceptions in South America, and we will explore more of them in the rest of the article.
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