The Ministry of Finance of Brazil announced the successful completion of the licensing phase and the opening of the bets market, which will operate from January 1, 2025. This marks a historic moment in the realm of regulated online gambling and sports betting, setting a new standard for the betting industry in South America.
Brazil refers to the broader online gambling and sports betting industry that operates under government regulations. This programme implements stringent licensing and monitoring mechanisms with the intention of creating transparency, guaranteeing consumer protection, and offering economic advantages. The journey towards regulating online betting began with legislation and culminated in the Ministry of Finance’s announcement in 2024. Licensing was finally completed on December 30, 2024, ensuring readiness for 2025 for all stakeholders.
The Secretariat for Prizes and Betting (SPA) played a pivotal role, overseeing the entire licensing process to ensure adherence to stringent standards. This four-phase review process includes ensuring robust IT security protocols to protect user data, facilitating secure and efficient payment processing, strict compliance with AML/CTF regulations to prevent money laundering or terrorist financing, and promoting ethical gambling practices through responsible measures.
Since the licensing application period closed in September 2024, there have been 150 licence requests submitted from 145 companies, with 68 of these businesses holding full licences and paying the requisite concession fee of €5 million, in addition to the initial lump sum of over €380 million. These numbers showcase the viability of the market.
Global giants like Betfair, bet365, Stake.com, and Entain Plc’s brands (Betboo, SportingBet) have entered the market, signifying international confidence in Brazil’s framework. Several local operators are also positioned to compete, reflecting the growth of domestic industry expertise.
The document, signed by SPA President Regis Dudena, came into force on December 30, 2024. Dudena previously stated, “Starting January 1, all companies operating in Brazil will need to be Brazilian entities established under Brazilian law. We’ll know their shareholders, ultimate beneficiaries, and executives, ensuring complete oversight of both legal entities and individuals involved in this activity.”
Operators need to register via the Financial Activities Control System (Siscoaf) to take advantage of swift payment processing and value-chained registration to their report, guided by strict Anti-Money Laundering and Counter Terrorism Financing measures, which embody risk reduction. This guarantees compliance with the country’s financial laws and supports the legitimacy of the market further.
So far, the government has generated millions in revenue through initial licensing, with more expected through ongoing taxation. Regulated markets are projected to create thousands of jobs and revitalise various subsidiary sectors such as technology, media, and advertising.
Bets Authorisation | Bets Brands |
7MBR LTDA. | Cbet Vertbet Dashboard Fund |
Alfa Entretenimento S.A. | Alfa.bet |
Ana Gaming Brasil S.A. | Bet7k Cassino Pix Bet Vera |
Apollo Operations LTDA. | KTO.com |
Aposta Ganha Loterias LTDA. | Aposta Ganha |
Aposta1 LTDA. | Aposta 1 Apostamax |
B3T4 International Group LTDA. | Bet4 |
BBET LTDA. | Davbet playbonds |
Bell Ventures Digital LTDA. | Bandbet Vivasorte |
BetBoom LTDA. | BetBoom |
BETBR Loterias LTDA. | Apostou b1.bet BRBET |
Betesporte Aposta OnLine LTDA. | Betesporte Lance de Sorte |
Betfair Brasil LTDA. | Betfair PokerStars |
Betspeed LTDA. | Betspeed |
Big Brazil Tecnologia | Caesar’s |
Blac Jogos LTDA. | SportyBet |
Blow Marketplace LTDA. | |
Boa Lion S.A. | Leo Vegas Royal Panda |
Brilliant Games | Afun |
Caixa Loterias S.A. | Caixa |
CDA Gaming LTDA. | Casa de Apostas Bet Sul |
Digiplus Brazil Interactive LTDA. | ArenaPlus |
EA Entretenimento e Esportes LTDA. | BateuBet |
EB Intermediações e Jogos S.A. | EstrelaBet |
ELISA.BET Casa de Apostas Esportivas e Casino Online LTDA. | Elisa.bet Pagamentos.bet Lotoaposta |
F12 do Brasil Jogos Eletrônicos LTDA. | F12.bet Luva.bet Brasilbet |
Fast Gaming S.A. | BetFast Faz1bet Tivobet |
FC Entretenimento Esportivo LTDA. | LampionsBet |
Foggo Entertainment LTDA. | Blaze JonBet |
Futuras Apostas LTDA. | Brazino777 |
Galera Gaming Jogos Eletrônicos LTDA. | Galera Bet |
Gorillas Group do Brasil LTDA. | Bet gorillas Donald bet |
H2 Licensed LTDA. | H2 Bet SeuBet |
Hilgardo Gaming LTDA. | A247 |
HS do Brasil LTDA. | Bet365 |
Jogo Principal LTDA. | InplayBet QGBet GingaBet |
Kaizen Gaming Brasil | Betano |
King Panda Group LTDA. | King Panda |
Levante Basil LTDA. | Sorte online Lottoland |
Lindau | |
Logame do Brasil LTDA. | Logame LogFlix Liderbet |
Meridian Gaming Brasil SPE LTDA. | Meridianbet |
MMD Tecnologia, Entretenimento e Marketing LTDA. | Rei do Pitaco Pitaco |
NSX Brasil S.A. | Betnacional Mr. Jack Bet |
NVBT Gaming LTDA. | Novibet |
OIG Gaming Brazil LTDA. | 7 Games Betao R7 |
Olavir LTDA. | Rivalo |
Pixbet Soluções Tecnológicas LTDA. | PixBet FlaBet BetdaSorte |
Puskas Bet Administradora de Apostas Esportivas LTDA. | Puskas Bet Clbet Big Win Free |
RT 216 Empreendimentos e Participações LTDA. | |
SC Operating Brazil LTDA. | Vbet Vivaro |
Seguro Bet LTDA. | SeguroBet |
Sevenx Gaming S.A. | Bullsbet |
Simulcasting Brasil Som e Imagem S.A. | Betsson |
Sistema Lotérico de Pernambuco LTDA. | MC Games MonteCarlosbet MonteCarlos |
Skill On Net | Bacana Play Play Uzu |
Sortenabet Gaming Brasil S.A. | Pimile Sorte na Bet Bet Fusion |
Uperbet Interactive Brasil LTDA. (SPRBT) | Superbet Magicjackpot Luckydays |
Stake Brazil LTDA. | Stake |
Suprema Bet LTDA. | SupremaBet Maxima Bet XPGames |
TQJ-PAR Participações Societárias S.A. (Grupo Silvio Santos – SBT) | |
Track Gaming Brasil LTDA. | Bet Warrior |
Tropicalize Bet LTDA. (duas licenças) | BetFive IO B2X JetBet SorteBet Pinbet |
Upbet Brasil LTDA. | UPBETBR 9d Wjcasino |
Vanguard Entretenimento Brasil LTDA. | Esporte 365 Bet Aki Jogo de Ouro |
Ventmear Brasil S.A. | Sportingbet |
Versus Brasil LTDA. | Betboo |
Source | BNL Data |