Brazil authorises Caixa Loterias to run fixed-odds betting under three brands

After Caixa’s public confirmation of its plans to launch a state-owned betting platform, regulatory approval has been granted.

This gives the state-run company the right to offer both physical and online betting under three national brands: BetCaixa, MegaBet and XBet Caixa. 

Official authorization came from Brazil’s Ministry of Finance, which allowed Caixa Lotteries SA to operate fixed-odds betting through a new ordinance. 

The enactment was published by the Secretary of Prizes and Bets, the part of the Ministry of Finance which coordinates legal betting in the country.

Caixa Econômica Federal, commonly known simply as Caixa, is one of Brazil’s largest and oldest state-owned financial institutions and it operates Brazil’s official lottery system.

Founded in 1861, it plays a central role in the country’s public finance system, offering banking services to millions of Brazilians, particularly lower-income populations, besides managing federal programmes such as social housing, student loans and social welfare benefits.

Good to know: Brazil’s Finance Minister recently stated that he would ban online betting if he could have a do-over

The license is valid until the end of December 2029.

According to the ordinance, Caixa is cleared to offer services across both sports-themed and online gaming segments, with permission to operate simultaneously in physical venues and virtual environments.

The Ministry has also authorised multiple private operators in recent months, including five brands approved earlier under two licensed companies.

Carlos Mendez

Writer

Odds tell a story long before the result does. When bettors learn to read that story properly, betting becomes a matter of discipline and value rather than emotion or guesswork.

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