The gambling industry in Brazil is quite complex. Apart from legal lotteries, other forms of gambling, such as casino betting, are prohibited in most areas. However, underground gambling activities still exist. The government continues to strive to combat illegal gambling while raising funds for pub
The U.S. prediction market platform Kalshi made a high-profile entry into Brazil, causing a significant "earthquake" in the local gambling industry. There is a division within the industry about who should regulate these products and whether to act quickly or slowly. Some believe that they should be
Brazil's Prize and Betting Secretariat welcomes its new permanent head this week, as Daniela Cardozo, who served as the interim director for two months, officially takes over. Her appointment was announced by the new Minister of Finance via social media on Monday. Cardozo joined SPA in November 202
Brazilian Senator Eduardo Girão, who has long opposed gambling, proposed Bill No. 1018 this week, aimed at banning specific incentives and retention mechanisms in the iGaming sector, including loyalty programs and cashbacks. The bill seeks to amend Law No. 14,790, which legalized gambling in Decembe
The US prediction market platform Kalshi officially entered Brazil this week through a partnership with Brazilian broker XP, attracting local regulatory attention. The Bonus and Betting Secretariat (SPA) immediately issued a statement, stating that it is "continuously and technically" monitoring the
Brazilian President Lula called for government unity to ban online gambling in his International Women's Day speech on Sunday, describing gambling addiction as a "tragedy" for the nation and accusing digital casinos of indebting families through mobile phones. This statement immediately triggered a
The prediction market platform Kalshi from the United States announced this Monday that, through strategic cooperation with Brazilian broker XP Internacional, it has officially launched prediction market products in Brazil. This marks Kalshi's first landing in a market outside the United States and
Brazil's regulatory market reshaped the gambling landscape in Latin America in its first full year, with clear performance differentiation among operators. Flutter achieved a 229% surge in revenue in Brazil through the acquisition of NSX, while Entain stagnated due to tax increases and a decline in
Codere Online set a record for net gaming revenue of 224.1 million euros in the fiscal year 2025 and is now looking towards further expansion. However, CFO Markus Arielson made it clear that they will only choose markets with the "right elements" — budget, local partners, suitable regulation, and th
This Tuesday, the Brazilian Chamber of Deputies passed the "Anti-Crime Organization Bill," removing the controversial Article 14, which originally planned to impose a 15% tax on deposits made by players on licensed gambling platforms. This means that operators have temporarily dodged a bullet. In pl
On the first anniversary of the complete legal regulation of the online gambling market in Brazil, strong growth indicators are redefining the Latin American iGaming market. According to data from the Betting Panel under "Aposta Legal", by 2025, the total visits to regulated gambling websites in Bra
BetMGM Brazil's Chief Operating Officer and Chief Marketing Officer recently stated that the joint venture with Latin America's largest media group, Grupo Globo, provides the brand with the critical "explosive power" needed to enter Brazil, one of the world's most competitive emerging regulated mark
The Brazilian Prize and Betting Secretariat (SPA) recently announced the biennial regulatory agenda for 2026/27 through Normative Decree No. 408. Over the next two years, the regulatory body will focus on optimizing the license review process, combating illegal operators, improving anti-money laund
A committee in the Brazilian Senate has recently advanced a bill that could drastically change the marketing landscape of the country's gambling industry. The bill aims to amend the "Sports Betting Law" by proposing a nationwide ban on advertising for sports betting and online gaming, while strictl
In the two years since the legalization of gambling in Brazil, there was a "gold rush" for football sponsorships, with operators flocking to spend money to secure exposure spots, and nearly all top league teams being "contracted" by gambling brands. However, before the new season kicks off, 6 out o
In January 2025, the online gambling market in Brazil was officially legalized, delivering impressive results in its first year. According to the first annual data released by the Brazilian Awards and Gambling Secretariat (SPA), licensed operators achieved a total gambling revenue (GGR) of 37 billio
As the top sports betting and iGaming industry event in Brazil, the SBC Summit Rio de Janeiro 2026 will kick off grandly at the Rio Centro Convention Center from March 3 to 5. This three-day industry feast, focusing on Brazil's recently regulated vibrant market, will attract thousands of operators,
