🇧🇷 Brazil

Brazil is the largest market in LATAM with over 215M inhabitants and a deep-rooted passion for football. The market was regulated in 2023-2024, and the licensing process has been active since 2025 under the Secretariat of Prizes and Betting (SPA), under the Ministry of Finance.

Current Regulatory Status (2026)

• Sports betting licenses active since 2025
• Online casino currently undergoing secondary regulation
• License fee: BRL 30M (~$5.5M USD) for a 5-year period
• Local establishment requirement (Brazilian incorporated company)
• 18% tax on Gross Gaming Revenue (GGR)

When to enter Brazil?

The optimal time to start the licensing process is now. Early licensees gain a brand and regulatory relationship advantage. GamblingCons has local contacts and expertise in Brazil's emerging regulatory framework.