The Brazilian Ministry of Finance has officially opened the doors to its regulated federal sports betting and online casino market, issuing operating licenses to more than 80 qualified operators.

Exclusive PIX Payment Rails

Under federal regulations, operators must process all deposits and withdrawals via Brazil’s instant central bank rail (PIX), banning credit cards and untraceable cash vouchers to prevent problem debt.

Economic Impact

Industry analysts project Brazil will become one of the top-five largest regulated iGaming markets globally by gross gaming revenue within the next 24 months.