The Secretariat of Prizes and Betting of the Ministry of Finance (“SPA/MF”) has published today in the Brazilian Official Gazette the granting of 21 new definitive licenses for online betting sites to provide their services in Brazil. With this, there are now 35 companies with definitive licenses in the country.
Of the 21 companies that received the definitive license, 20 had previously obtained a provisional license, which we analyzed in this newsletter. After meeting the pending requirements, these companies have now been granted a definitive license.
Our team is available for further clarifications, as well as to provide assistance with the compliance with gaming regulation.
Gustavo Flausino Coelho – gustavo@bastilhocoelho.com.br
Fernando Naegele – fernando@bastilhocoelho.com.br