Latin America
Brazil betting authorization (SPA, Ministry of Finance)
Brazil’s regulated fixed-odds betting market opened on January 1, 2025. Operators need an authorization from the Secretariat of Prizes and Betting, held by a Brazilian company, and only authorized operators may take bets or use local payment rails.
License types
What Brazil licenses
Authorization
Five-year authorization covering up to three commercial brands.
Scope
Fixed-odds sports betting and online games.
Enforcement
Payment providers may not process transactions for unauthorized operators.
Requirements
What the regulator expects
- Brazilian company, at least 20% held by Brazilian shareholders
- Capital and net worth requirements
- Technical qualification and certified systems
- AML, responsible gambling, customer service, integrity and IT continuity policies
- Corporate governance and code of conduct
Process
How the application runs
- 1StructureBrazilian company and shareholding.
- 2PoliciesAML, responsible gambling and governance framework.
- 3TechnicalSystem certification.
- 4SPA filingApplication through the SPA’s system.
- 5AuthorizationAuthorization granted for five years.
After licensing
Ongoing obligations
- Reporting to the SPA and the national betting system
- Self-exclusion and responsible gambling rules
- Advertising rules
- Change-of-control filings within 30 days
Good to know
- The SPA’s regulatory agenda runs through 2026, including a review of the authorization procedure; we track updates.
Frequently asked questions
Can a foreign company hold the authorization?
No. The holder must be a Brazilian company with at least 20% Brazilian shareholding.
How many brands can one authorization cover?
Up to three commercial brands.
Ready to apply in Brazil?
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