Lanistar secures Brazil gaming license and launches online platforms
Online sports betting in Brazil began in 2018, but the government did not start regulating the activity until 2024.
Key Points
- Lanistar’s gaming license is one of the first to be awarded by the Brazilian SIGAP, which is still under final approval
- Authorized operators are granted a license lasting five years once a $5.9m fee is paid and the operator is able to offer gambling through three separate platforms
Lanistar announced that the operator has been awarded one of the first gaming licenses by the Brazilian SIGAP, having already launched two online platforms in the country. While online sports betting in Brazil began during 2018, the government only began regulating its activity in 2024.
“The global direction of gaming regulators over the last decade has been to replace grey markets with legal, regulated markets. This has been a response to the proliferation of online sports betting and the globalisation of the industry,” Lanistar Founder Gurhan Kiziloz said.
“So we are thrilled to have been able to launch pending the final approval on a licence to operate but to do so in a market which is set for huge growth.”
Kiziloz also spoke on transactions Lanistar made in preparation of entering Brazil, having said, “Central to this was how we managed the future of the legacy business. As we prepared to enter this market, we took the decision to sell the IP and assets of Lanistar based in the UK, to Nexus International for an undisclosed sum.
“This cleared the way to divest of our legacy business and enables us to focus 100% on the Brazilian gaming industry. It also enabled us to reinvest the multi-million £ raised in that sale back into the new operation and ensure that we are cashflow positive from the get-go. This is without doubt the most exciting new operation I have launched to date and one that is already reaping rewards.”
Good to know: The Brazilian Federal Government created the Interministerial Working Group on Mental Health, Prevention and Harm Reduction of Problem Gambling on December 10
In order to regulate the sector, the Normative Ordinance 827 was published in Brazil’s Official Diary of the Union on May 21, which laid out the requirements for those hoping to secure sports betting and gaming licenses in Brazil.
It began an adjustment period in which gaming operators active in Brazil had until December 31, 2024 to comply with the regulatory framework for sports betting and iGaming.
Authorized operators are granted a license lasting five years once a $5.9m fee is paid and the operator is able to offer gambling through three separate platforms.
As with regulations in many other countries, companies must provide documentation proving legal qualification to operate in Brazil, including identification and registration forms for controlling entities.
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