Online sports betting and casino games became legal on January 1, 2025, under Law No. 14,790/2023. The Secretariat of Prizes and Bets (SPA) under the Ministry of Finance regulates the market and issues federal licenses.
Over 80 operators now hold federal licenses. Operators must be incorporated in Brazil with at least 20% Brazilian ownership, pay BRL 30 million for a five-year license, and comply with strict AML/KYC requirements including facial recognition.
Challenges persist: 41-51% of the market remains illegal, with authorities blocking over 18,000 unlicensed sites in 2025. Proposed tax increases for 2026-2028 include raising GGR tax to 13% (2026), 14% (2027), and 15% (2028). A controversial 15% deposit tax (CIDE-Bets) faces Senate vote in early 2026.
Follow federal licensing developments, state vs. federal jurisdiction disputes, illegal operator enforcement, tax legislation (CIDE-Bets), advertising restrictions, and market consolidation trends.
Industry veteran Hugo Baungartner steps down as EGB chief business officer after 13 months, with his next move yet...
SBC Summit's Latin America track on 1 October 2026 puts Brazil, Peru, Mexico and beyond under the microscope as...
Flutter Entertainment has deployed its Flutter Edge playbook in Brazil, migrating Betnacional to its proprietary risk and trading platform...
Kambi Group has signed a multi-year extension with BetWarrior, covering Argentina and other regulated markets across Latin America.
President Lula has signed a decree giving authorities the power to freeze and seize funds held by unauthorized betting...
Three OIG Gaming Brazil brands, 7Games, Betão and R7, go live with a full sportsbook powered by FIRST.bet technology.
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