Brazilian Ministry of Finance Greenlights Fixed-Odds Lottery Operations for Two Companies
The Secretariat of Prizes and Betting (SPA) of the Brazilian Ministry of Finance has authorized two companies to operate fixed-odds lotteries in the country. The authorizations, published in the Official Gazette, detail the specifics of each company’s permitted operations.
CAIXA LOTERIAS S.A. Granted Authorization
SPA/MF Ordinance No. 1,665, dated July 29, 2025, grants CAIXA LOTERIAS S.A. the right to operate fixed-odds lotteries. The authorization is based on Law No. 13,756 of December 12, 2018, Law No. 14,790 of December 29, 2023, and related ordinances. Key details include:
- Corporate Name: CAIXA LOTERIAS S.A.
- CNPJ: 24.038.490/0001-83
- Brands: BETCAIXA, MEGABET, and XBET CAIXA
- Segments: Sports and online gaming combined
- Modalities: Physical and virtual combined
- Authorization Expiration Date: December 31, 2029
DEFY LTDA Also Authorized
SPA/MF Ordinance No. 1,666, also dated July 29, 2025, authorizes DEFY LTDA to operate fixed-odds lotteries. This authorization is similarly based on the aforementioned laws and ordinances. The specifics are as follows:
- Corporate Name: DEFY LTDA
- CNPJ: 47.974.569/0001-11
- Brand: 1xBET
- Segments: Sports theme and online games combined
- Modalities: Physical and virtual combined
- Authorization Validity: July 29, 2030
Both ordinances were signed by Regis Anderson Dudena and took effect on the date of publication.
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