Brazil's Betting Boom: 68 Businesses Earn Full Licenses
As the calendar flips to 2025, Brazil’s rapidly growing betting industry is off to a strong start. The Ministry of Finance has announced that 68 businesses have officially secured full licenses to operate in the market, signaling the start of a landmark period for the industry.
The government’s implementation of a federal framework marks a new era for sports betting and online gaming in the country, laying the groundwork for a regulated and transparent market.
A New Chapter for Brazil’s Betting Industry
This regulatory shakeup comes alongside the rollout of SIGAP, a data management and license coordination platform designed to ensure that all betting activities in Brazil adhere to the new laws. The Ministry revealed that 150 license requests from 145 companies have been submitted to SIGAP, further underscoring the growing interest in Brazil's potential as a betting hub.
The Final Steps to Full Licensing
On December 12, the SPA (Special Secretariat for the Regulation of the National Gaming Market) took a major step toward completing the licensing process by announcing that it had initiated the final procedure to issue betting license authorizations for 71 qualified businesses. These companies now have a 30-day window to finalize their licensing process, including the payment of required concession fees. It’s a critical time for operators, as completing these final steps will determine their ability to legally offer services in Brazil.
Once the process is complete, the 68 businesses that have already secured their full licenses will begin operating with 300 unique brands. These brands will span a wide variety of betting markets, from sports to online casinos, contributing to the diversification of options available to Brazilian consumers. While the full list of brands has not yet been fully disclosed, it’s clear that the market is set to become a vibrant and competitive space.
Spotlight on the Licensed Businesses and Their Brands
Here’s a closer look at some of the leading businesses and brands now officially licensed to operate in Brazil:
This diverse list of licensed operators highlights the market’s appeal, with familiar international brands like Betfair and PokerStars joining local favorites such as Aposta Ganha and BetBoom.
As these companies begin operations, the Brazilian betting landscape is poised for fierce competition, with each brand looking to capture the attention of eager bettors.
Compliance and the Road Ahead: Siscoaf Registration
As part of the final licensing process, licensed businesses are required to register their payment and auditing systems with Siscoaf, the Financial Activities Control System. This step is crucial for ensuring that all betting platforms operate in compliance with anti-money laundering (AML), counter-terrorism financing (CTF), and prevention of weapons proliferation measures.
In line with the new framework, all licensed operators must request Siscoaf authorization within 10 days of the official publication of the regulations. This step is essential for businesses to legally process betting transactions with Brazilian consumers, ensuring that the market remains transparent and secure.
The Future of Brazil’s Betting Market
With the federal framework in full motion, Brazil’s betting industry is gearing up for its biggest year yet. The new regulations promise to bring legitimacy, oversight, and growth to an already dynamic market. As more businesses complete the licensing process and more brands launch, consumers will benefit from a wider range of options and safer betting experiences.
For operators, this is a race to not only gain compliance but to stand out in an increasingly competitive market. For bettors, it’s a chance to participate in a regulated and vibrant industry that’s expected to grow exponentially over the next few years.
