Evolution CEO ‘flabbergasted’ by Brazil betting ban as company awaits clarity

Evolution CEO Martin Carlesund described Brazil’s abrupt ban on licensed betting as a “total negative” for the industry, as the supplier giant awaits clarity on how the situation will progress. In late September, Brazil President Luiz Inácio Lula da Silva announced a ban on gambling in Brazil , despite less than two years having passed since the regulated online market launched. As a result, Evolution has temporarily closed its studio in Brazil, which it launched in São Paulo last year.