Brazil Greenlights Two More Companies for Sports Betting and Online Gaming
Regis Dudena, the Prizes and Betting Secretary, has officially authorized two additional companies to operate in Brazil’s burgeoning sports betting and online gaming market. The authorization comes via executive orders 1791 and 1792.
Ordinance 1791: NOSSABET
Ordinance 1791 grants permission to LAGUNA SERVICOS E TECNOLOGIA LTDA, operating under the brand name NOSSABET, to offer fixed-odds lottery services. This authorization is in accordance with Laws No. 13,756 of December 12, 2018, and No. 14,790 of December 29, 2023, as well as relevant ordinances from the Prizes and Betting Secretariat. The decision is based on information from SIGAP process No. 0087/2024.
Key details for NOSSABET:
- Segments: Sports-themed and online games combined
- Modalities: Physical and virtual combined
- Authorization Expiration Date: August 13, 2030
Ordinance 1792: KBET
Ordinance 1792 authorizes ENSEADA SERVICOS E TECNOLOGIA LTDA, known as KBET, to operate a fixed-odds lottery. This authorization adheres to the same legal framework as Ordinance 1791, referencing Laws No. 13,756 and No. 14,790, and is based on SIGAP process No. 0058/2024.
Key details for KBET:
- Segments: Sports-themed and online games combined
- Modalities: Physical and virtual combined
- Authorization Expiration Date: August 13, 2030
With these latest approvals, the Brazilian market now boasts 182 sports betting and online gaming websites, representing 80 different companies.
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