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Kamilla Michiko Yazawa
Chief Compliance and Legal Officer at Vanguard Entretenimento Brasil offering legal, regulatory and compliance expertise on Brazil's betting tax changes and market impact.
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Dec 4, 2025
• 28min
Ep 662: Into the Upside Down: Brazil’s iGaming Market Faces a Tax Shift
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Ana Maria Menezes, a business journalist for SBC Noticias Brasil, and Kamilla Michiko Yazawa, Chief Compliance Officer at Vanguard Entretenimento Brasil, dissect the proposed tax hikes on Brazil's iGaming landscape. They explore the Senate's decision to raise taxes and its surprising media reactions. The duo discusses how these changes could impact operators' long-term investments, the risks posed to smaller market players, and the potential effects on player experiences. Their compelling insights offer a window into the future of Brazil's betting industry.
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