The Brazilian regulated market met for the first time at the SBC Summit Rio. For João Fraga, CEO of Paag, the event was “incredible”.
“We had very high expectations for the regulated market. We know that it was very busy for everyone in the area. As a strategic partner of companies, we do not stop for a second to help in all aspects, ensuring that they are increasingly in compliance with the rules of the Ministry of Treasury,” he said.
For the executive, 2025 will be just the starting point for the Brazilian industry. “This is the year to understand this new market, but the next few years will be of growth. I think these will be the golden years for our market.”
Regarding Paag’s trajectory, he explained: “We started as a payments company, but today we are a technology company. We have payment technology, KYC, anti-fraud and we are launching a money laundering prevention product to help players”.
Furthermore, João Fraga revealed the company’s main goal. “Our goal is to be the largest technology company focused on betting in Brazil in the coming years. Our team has quadrupled in size in the last year.”
“This will be a year in which we will truly revolutionize and show the market why we are here. We have several products in the pipeline and are waiting for the right moment. At BiS SiGMA Americas, we will have a very important announcement to make,” he said.
