Brazil's Secretaria de Prêmios e Apostas (SPA) has issued the first batch of online gambling licences under the country's landmark gambling regulation framework — Law 14,790/2023 — confirming the entry of 14 operators into the regulated Brazilian market with full legal authorisation to accept bets from Brazilian players.
The initial licensed cohort includes a mix of international operators and local Brazilian brands. International names confirmed to have received licences in the first batch include Betano (Kaizen Gaming), Superbet, and Betsul, alongside Brazilian retail operator Bolsa de Aposta and several other locally established brands.
Notably absent from the first batch are several of the world's largest operators — including Flutter's Betfair, bet365, and Entain's Bwin — which are understood to be in advanced stages of their own application processes but have not yet met all SPA technical and financial requirements.
The licensing conditions require operators to maintain a minimum of R$100 million ($19 million) in operational capital within Brazil, to use only SPA-approved payment processors, and to comply with strict responsible gambling requirements including mandatory player spending limit tools and a national self-exclusion registry.
"This is an historic moment for Brazilian sports betting and gaming. We are building a regulated market that protects consumers, generates tax revenue for the state, and provides a level playing field for compliant operators," said SPA Director Regis Dudena.
Brazil's online gambling market is projected by analysts to reach R$20 billion ($3.8 billion) in GGR by end of 2026, making it potentially the third-largest regulated online gambling market in the world by revenue.
Source: SPA Brazil
Alex Biliy
Senior Editor
Member of the iGaming Pulse editorial team. Covering industry news, analysis, and B2B developments across the global iGaming sector.
