Brazil: SPA issues 21 more online betting licenses
Only 14 companies had received full licenses prior to market launch.
Key Points
- 35 companies now have full online betting licenses in Brazil
- Total SPA authorized companies now set at 69
The Prizes and Betting Secretariat (SPA) of the Ministry of Finance has granted 21 definitive authorization orders for 21 companies to operate fixed-odds bets.
Brazil’s legal and regulated sports betting and iGaming markets opened at the start of this year, and at the time, 14 companies had received full licenses prior to the market officially launching. It was reported at the end of December that 68 online and 67 sports betting licenses had been confirmed
But, with this latest announcement from the SPA, the total number of companies to have full licenses in Brazil has now risen to 35.
Looking closer at the 21 new companies to receive definitive authorization orders, 20 had already been granted provisional authorizations, with the other not receiving any prior authorization.
Good to know: The Secretariat of Prizes and Betting (SPA) of the Ministry of Finance in Brazil has officially launched a public consultation for its 2025-2026 Regulatory Agenda
Among the new companies to receive full licenses for the Brazilian online gambling market are Kaizen Gaming, Betfair Brazil and Stake Brazil.
Including both provisional and definitive authorized companies the total number has now increased from 68 to 69, with the number of grants paid by authorized companies increasing from 70 to 71.
Those companies which had completed the first stages of the authorization process but had not met all requirements within the timeframe given were given provisional authorizations, which meant those companies with provisional authorization fell from 54 to 34.
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