The update came from SPA President Regis Dudena, who informed the Parliamentary Commission of Inquiry (CPI) on Bets about businesses that met all qualifying criteria ahead of the market’s launch on January 1, 2025.
Dudena stated that as of December 11, the SPA has authorised 71 applications out of 114 submitted to its agency.
Businesses authorised for licenses have been cleared to pay an upfront concession fee of R$30 million (€5 million), which must be completed within a 30-day window.
Effective from January 1, 2025, Bet licenses are valid for a five-year period, with authorisations allowing up to “three skins” per license.
Updating the CPI, Dudena confirmed: “Seventy-one companies have already been notified by the Ministry of Finance, and they have 30 days from the notification to meet these fin..
