Online betting operators 1xBet, 1win and bet365 were blocked in Sri Lanka today following the absence of required local licenses. The regulatory action coincides with market developments in Brazil, where Stakelogic recently entered the regulated sector.
Regional Market Updates
Sri Lankan authorities restricted access to the three platforms to enforce local licensing compliance. Meanwhile, Brazil's regulated gambling market recorded €1.16 billion in revenue over a six-month period, marking a new financial milestone for the region. Stakelogic expanded its presence by launching its portfolio on the Brazilian market during the same timeframe.Prominent public figures have also generated notable activity on international betting platforms. Mixed martial artist Arman Tsarukyan secured a $5.7 million win, which was highlighted by an unscheduled promotional campaign from Jack. Music artist Drake recorded a $12.6 million win on the Stake platform.
The data originates from GGM: iGaming News. Earlier reports indicated that regulatory frameworks in both Sri Lanka and Brazil continue to shape operator compliance and market entry strategies.