With less than five months until the anticipated launch date of the legal betting market in Brazil, the final gambling regulations have been outlined in ordinances published by the ministry of finance’s Secretariat of Prizes and Bets (SPA).
The four-phase regulatory rollout set out in April is now complete and the launch of legal gambling in Brazil is on track for 1 January 2025.
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Online games
Monitoring and inspection
Money allocated to the state
Responsible gambling, including a ban on influencer advertising
Sanctions for non-compliance
Operators have been submitting their applications for licences, with the total number of requests now at six after NSX Group’s Betnacional filed its application on Thursday (1 August) with less than three weeks to go until the 90-day initial window of preference closes.
Operators who apply before 20 August will have their applications prioritised by the SPA and ensure they are processed by the expected launch date of the market.
Those..