- REGULATION & COMPLIANCE
On 1 January, Brazil launched its legal online betting market with 14 companies receiving full authorisation so far. Another 52 companies have received provisional licences, meaning they must correct certain issues before launching.
Brazil has been waiting for this moment since the national congress first approved legislation for online betting in November 2018, with outgoing president Michel Temer signing it into law in the following month.
However, it took until December 2023 for the chamber of deputies to give the law its final green light. The SPA released a series of regulations in 2024 informing operators of the rules necessary to secure a licence.
Only those companies that applied ahead of that deadline have received authorisation so far.
The provisional licence will last for a period of 30 days. These companies have paid the BRL30 million (£3.9 million/€4.7 million/$4.8 million) licence fee but are facing issues, such as delays to the certification of betting systems.
However provisional licences can be extended for another 30 days provided the companies receive support from certifying entities that agree the provisional authorisation needs to be extended so full certification can be conducted.
The current list of full licensees is as follows:
| Corporate name | Brands |
| SPRBT INTERACTIVE BRASIL LTDA | Superbet, MagicJackpot, Super |
| OIG GAMING BRAZIL LTDA | 7Games, Betão and R7 |
| BETBOOM LTDA | BetBoom |
| LINDAU GAMING BRASIL SA | Fazobetaí, Oleybet, Betpark |
| MMD TECHNOLOGY, ENTERTAINMENT AND MARKETING LTDA | Rei do Pitaco, Pitaco |
| NSX BRASIL SA | BetNacional, Mr Jack Bet |
| APOLLO OPERATIONS LTDA | KTO |
| GALERA GAMING ELECTRONIC GAMES SA | Galera.bet |
| BOA LION SA | BetMGM, MGM |
| DIGIPLUS BRAZIL INTERACTIVE LTDA | ArenaPlus |
| ALFA ENTRETENIMENTO SA | Alfa.bet |
| BLAC GAMES LTDA | SportyBet, LanceBet |
| SEGURO BET LTDA | Seguro Bet, King Panda |
| A2FBR LTDA | Betting Exchange, FullTBet, BetBra |
| A2FBR LTDA | Pinnacle, Matchbook and Verdinha |
Among the notable absentees from the licensees are PixBet, BetMotion and SportsBet.io, the latter of which announced the closure of its Brazil operations earlier this week.
Of the full licences granted by the Secretariat of Prizes and Bets (SPA), A2FBR LTDA received two to operate six betting brands in Brazil by virtue of each licence being able to include up to three skins.