Major football convention Soccerex, due to take place on the eve of the tournament draw next month, was cancelled on Tuesday, with organisers citing the withdrawal of local government support due to "civil unrest".
The state government of Rio denied that was the reason and claimed Soccerex organisers did not apply for the correct funding, but, nevertheless, security remains an area of concern ahead of the tournament.
Hodgson was among those due to appear at the Maracana Stadium, but is not overly concerned about the latest development.
"Well, to be flippant, I am not that disappointed," the England boss said.
"I heard I was speaking at it but (I am) not sure what I would speak about.
"I don't think it will have any relevance on the World Cup in June 2014.
"There have been some problems over there as we all know. We can't turn a blind eye to that, but we can only trust that the authorities are taking issue with any problems that are taking place over there.
"Where Soccerex fits into this, I wouldn't know. Soccerex and the local authorities would know, but I think it would be harsh if we said because of this that suggests there will be problems at the World Cup.
"I don't see any reason for that at the moment and really it would be a question of I suppose of waiting and seeing."