On January 1, 2025, Brazil officially launched its fully regulated fixed-odds betting market, marking a new chapter for online gambling in the country. The move follows years of legislative and regulatory hurdles that began with the approval of betting legislation in 2018 under then-President Michel Temer. After substantial delays and revisions, the law was finalized in 2023, with operators invited to apply for licenses by August 2024. The Ministry of Finance confirmed that 66 companies have received full licenses to operate, while 52 were granted provisional licenses pending compliance with technical and financial requirements. This regulation comes amid growing criticism of the unregulated market, which had previously allowed illegal operators to dominate the space. A Highly Regulated Landscape Under Brazil’s new rules, operators must meet stringent requirements to ensure transparency, player protection, and financial integrity. Licensed operators are mandated to operate using “.bet.br” domains, maintain a physical presence in Brazil, and comply with strict anti-money laundering (AML) and counter-terrorism financing… Read More
Category: News
Source: Casino News Daily
