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Brazil
RegulatedSPA — Secretaria de Prêmios e Apostas
The largest newly-regulated jurisdiction in the world. Federal licensing opened January 2025 with a R$30M licence fee covering up to three brands.
Jan 2025
Regulated since
12% GGR + 15% corporate
Tax
$4.2B GGR (2025e)
Market size
Newly regulated
Maturity
Products & payments
Online CasinoSports BettingFantasy
PIXCardsBoleto
Compliance & player protection
AML regime
Full COAF regime
KYC
CPF + facial match
Responsible gambling
Self-exclusion registry
Crypto
Restricted (fiat-first)
Regulatory timeline
2018
Law 13.756 legalises fixed-odds betting
2023
Law 14.790 defines the regulated regime
2025
Federal jurisdiction goes live