Last Updated: January 16, 2025

Brazil has implemented new regulations for online gambling, with a strong emphasis on biometric identity verification. To date, fourteen companies have received full operating approval for online gambling in Brazil, with an additional 58 companies granted provisional approval.

In Brazil, sports betting is now officially regulated, requiring operators to obtain licenses and integrate advanced identity verification systems, including 3D face biometrics. Bettors must be 18 or older, provide their CPF (Individual Taxpayer Registration), and undergo facial recognition for age verification.

Notable names among the first wave of fully licensed operators include BetMGM, BetBoom, and Superbet. Domestically, established brands like Rei do Pitaco and BetNacional have also secured licenses, alongside newer entrants like Galera.bet and Alfa.bet.

The 58 companies with provisional licenses are expected to receive full approval within the next 60 days. Operators with provisional licenses are granted licenses to allow them time to meet full compliance requirements.

The list of approved operators includes both international and domestic companies, with a significant focus on sports betting platforms.

Requirements for Operators

Online gambling operators in Brazil must adhere to a strict set of regulations. Firstly, their domain names must end in “.br” to clearly distinguish them as licensed entities.

Player registration requires mandatory facial recognition to verify age and prevent underage betting.

Financial transactions are restricted to accounts authorized by the Central Bank of Brazil, with credit card and cryptocurrency betting strictly prohibited.

Taxation includes a 12% levy on Gross Gaming Revenue (GGR) and a 15% tax on player winnings exceeding BRL2,824.

The Secretariat of Prizes and Bets has the authority to impose fines of up to R$2 billion for non-compliance.

Brazil As A Gambling Market

The Brazilian online gambling market has witnessed significant growth. Brazilians spent a staggering 68.2 billion reais ($12.2 billion) on betting platforms in the year ending June 2024, according to Itau Unibanco analysis. The growing popularity of online gambling is evident in the number of online betting registration requests submitted, reaching 113 by August 20, 2024. These requests are expected to generate significant revenue for the Brazilian government, with an estimated 3.4 billion reais in down payments alone.

The Brazilian government’s regulations aim to formalize and regulate the online betting market, protect consumers, especially minors, combat illegal gambling operations, and generate revenue for the government. This comprehensive framework establishes a new era of oversight and compliance for online gambling operators in Brazil.

 

About the Author

Arun is a seasoned writer with more than 10 years worth of experience writing for various digital media companies. He is well-versed in the field of blockchain, gaming, and tech. LinkedIn: LinkedIn