This hard deadline forms part of plans to launch the Bets market on 1 January 2025, under the federal framework to regulate and licence fixed-odds betting and online gambling in Brazil.
As announced: “Only companies that are already operating and have requested authorisation by 30 September 2024 may continue to operate until December 2024. By 1 January 2025, only fully compliant companies can continue operations.”
On 20 August, the federal government management office of SIGAP closed the preliminary licence application window for the Bets market, which saw 113 businesses apply for licensing.
The licence applications are currently being reviewed by the Secretariat of Betting and Prizes (SPA), ensuring that businesses meet the technical requirements of the Bets market.
Regis Dudena, Gene..