Brazil Grants Licenses to 18 Online Betting Platforms, Including bet.bet

Brazil has officially granted licenses to 18 online betting platforms, including bet.bet, marking a significant step in the country’s regulated sports betting market. This move follows President Luiz Inácio Lula da Silva’s sanctioning of sports betting regulation on December 31, 2023.

Junior Guerra, Head of Marketing for bet.bet, stated, “This authorization…is a reflection of our commitment to responsibility. We are excited to continue contributing to a safer and more transparent market, aligned with player expectations and government guidelines.”

Stringent Requirements for Legal Operation

To operate legally in Brazil, companies were required to pay a R$30 million (US$ 5 million) fee and adhere to a series of strict regulations. These requirements include:

• Prohibition of credit for bets
• Identification of players using CPF (Brazilian individual taxpayer registry identification)
• Facial recognition technology
• Strict control of financial flows
• Adherence to standards for preventing money laundering
• Financial security measures
• Practices that ensure “Responsible Gaming”

bet.bet: A New Player Committed to Responsible Gaming

Founded in 2024, bet.bet is a regulated company focused on sports betting and online casino offerings. The company emphasizes security and Responsible Gaming. With a fresh and innovative approach, bet.bet aims to connect entertainment, sports, and culture, providing a dynamic and conscious experience for its customers.

Sponsorships in Entertainment

bet.bet is actively involved in the entertainment sector, demonstrated by its official sponsorship of “Ensaios da Anitta” and sponsorships in various other events. This reinforces the brand’s commitment to providing memorable experiences to the public.