Brazil updates authorized betting brands as Finance Ministry revises operator roster

Brazil’s Ministry of Finance has published a new ordinance revising the list of brands allowed to operate in the country’s regulated betting market, showing that the government is still fine-tuning operator portfolios as the sector matures.

Brazil’s Secretariat of Prizes and Betting updated the official national register of authorized fixed-odds betting operators on April 2, after a new ordinance altered an earlier authorization originally granted in February 2025. The Ministry’s official list page shows the register was updated on April 2, while the revised PDF now records Portaria SPA/MF nº 324, de 17 de fevereiro de 2025, as later amended by Portaria SPA/MF nº 931, de 1º de abril de 2026.

The amendment affects Logame do Brasil Ltda, one of the licensed operators in Brazil’s national market. In the updated official register, the company is now associated with the brands LíderBet, GeralBet, UpBetBR, 9D and WJCasino under process 0096/2024.

A comparison with the official version of the register published in February indicates that B2XBET, which previously appeared in Logame’s authorized brand portfolio, no longer appears after the April update. That suggests the new ordinance did not bring a new operator into the market, but instead revised the commercial brand mix of an operator that was already licensed.

The change is important because Brazil’s betting framework regulates not only the legal entity behind an operator, but also the commercial brands and domains through which it can reach consumers. In practice, that means changes to a brand portfolio can affect which sites are legally presented to bettors even when the licensed company itself remains the same. This is an inference based on the structure of the Ministry’s official authorization lists, which identify operators by company, brand and domain.

The update also fits the broader pattern of Brazil’s still-evolving regulated market. The federal government has said that, since the regulated framework took effect in 2025, only companies authorized by the Secretariat of Prizes and Betting may legally operate nationwide. Against that backdrop, the latest ordinance looks less like a headline-grabbing reform and more like the kind of administrative adjustment that increasingly defines the market’s consolidation phase.