Brazil grants 21 new definitive betting licences as regulatory process continues
The Ministry of Finance’s Secretariat of Prizes and Bets (SPA) has issued 21 new definitive authorisations, bringing the total number of fully licensed operators to 35.
Key points:
– 21 companies have been granted definitive fixed-odds betting licences by Brazil’s Ministry of Finance
– The total number of authorised operators (provisional and definitive) has risen to 69
– Each definitive licence is valid for five years and requires a R$30m grant payment
The Secretariat of Prizes and Bets (SPA) has announced the approval of 21 new definitive fixed-odds betting licences, following a review of applications submitted under Brazil’s recently established regulatory framework. Of these, 20 companies had previously received provisional licences, while one had not held any prior authorisation.
With this latest round of approvals, the number of fully licensed betting operators in Brazil has increased to 35. Meanwhile, the total number of companies with either provisional or definitive authorisation has reached 69.
Under Brazil’s licensing framework, each definitive authorisation is valid for five years and requires a R$30m (US$5.2m) payment. The licence allows operators to run up to three brands or betting platforms under the ‘.bet.br’ domain. Two companies in this round of approvals opted to pay for additional licences, bringing the total number of licences granted to 71.
The SPA continues to process applications ahead of Brazil’s regulated betting market launch, which officially began on 1 January 2025. Last December, SPA Secretary Regis Dudena confirmed that 71 companies had begun the final stages of the licensing process, with 16 operators already paying a combined R$480m in fees.
The latest update also reflects a shift in provisional licensing numbers. The number of operators with temporary approvals has dropped from 54 to 34, as some companies either secured full licences or failed to meet the requirements set under Ordinance 2,104, which was introduced in December 2024.
Meanwhile, regulatory enforcement efforts have continued. Since October 2024, over 5,200 illegal gambling sites have been taken down through an agreement between SPA and Brazil’s National Telecommunications Agency (Anatel).
Good to know: The government has also implemented a four-stage review process for licensed operators, assessing security measures, responsible gambling protocols and compliance with anti-money laundering regulations
The full list of newly licensed companies has not yet been published, but Brazil’s Ministry of Finance continues to update its records as the regulatory process advances.
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