Background:
The sports betting market in Brazil has been growing significantly in recent years, with a projected value of R$10.4 billion 🌝 by 2024. The market is dominated by a few major players, such as Bet365, Betano, and Sportingbet. However, there are 🌝 also several smaller operators and startups that are increasing their market share.
Recent advances in artificial intelligence (AI) have the potential 🌝 to revolutionize the sports betting industry. AI can be used for predictive modeling, odds calculation, and risk management.
Research Questions:
1. What 🌝 are the current challenges facing the sports betting industry in Brazil?