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Brazil introduces new ordinance to regulate revenue from online betting Brazil Sports bettingOn January 13, 2025, the Secretariat for Prizes and Betting (SPA) of Brazil's Ministry of Finance published Ordinance SPA/MF No. 1,902, detailing procedures for the allocation of revenue generated from fixed-odds online betting.January 14, 2025 -
Brazil establishes GTI-Bets to regulate fixed-odds betting industry Brazil Sports bettingThe Brazilian Ministry of Finance, through its Special Secretariat of the Federal Revenue Service (RFB) and the Secretariat of Prizes and Betting (SPA), has announced the creation of an interdepartmental working group known as GTI-BetsJanuary 11, 2025 -
Pay4Fun partners with Blaze to revolutionize online gambling in Brazil BrazilPay4Fun is upping the excitement for its users with a fresh and innovative partnership with Blaze, bringing a diverse range of gaming options such as Casino, Sports, Crash, Roulette, and Blackjack games, among others.January 9, 2025 -
Neko Games seals certification for its titles in Brazil BrazilNeko Games™ has officially announced the certification of its game titles for the Brazilian market, a significant step in the company's strategy to enhance its presence in Latin America and cater to the burgeoning online gaming community in the region.January 9, 2025 -
Binance expands Its operations in Brazil with new broker-dealer license Cryptocurrencies BrazilBinance has achieved a significant milestone by securing its 21st global regulatory license from the Central Bank of Brazil, allowing it to acquire Sim;paul, a licensed broker-dealer.January 6, 2025 -
Brazil approves 68 firms for new sports betting market launching January 1 Sports betting BrazilThe Ministry of Finance in Brazil has announced that 68 companies have successfully completed the licensing process to participate in the newly established sports betting market, Brazil Bets, which officially launched on January 1, 2025.January 3, 2025 -
Genius Sports and EstrelaBet: three vital pillars for safeguarding Brazilian sports Genius Sports Brazil“Match-fixing is a huge issue, not only for the sports side of the business but also for sportsbooks,” Guilherme Buso, VP for Brazil at global sportstech firm Genius Sports stressed in a recent press conference.October 9, 2024 -
Brazilians spent BRL 54 billion on sports betting in 11 months of 2023 Market analysis BrazilBrazilian residents placed BRL54 billion ($10.93 billion) in bets with offshore bookmakers between January 1 and November 30, 2023. Folha de São Paulo writes about this, citing data from the Central Bank of the Latin American state.January 21, 2024 -
Brazilian President signs a law on sports betting and online gambling Regulation BrazilBrazilian President Lula da Silva recently signed a law regulating sports betting and online gambling.January 2, 2024
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Sports betting and online gambling bill approved by Brazil’s chamber of deputies Regulation BrazilThe Brazilian Chamber of Deputies last week gave final approval to the bill on sports betting and online gambling. The document reentered the lower house of parliament after a number of amendments by the Senate.December 24, 2023
