Betfair pays BRL30m fee for planned 2025 Brazil market entry
Betfair paid a BRL30 million licensing fee to operate in Brazil’s regulated market in 2025, the company said. The report said the Ministry of Finance and its Secretariat of Prizes and Bets had cleared the operator as meeting requirements; Betfair’s general director said it was following the new rules. Federal licences were expected to be granted by year-end, with qualifying operators able to begin operating on 1 January 2025.
The fee payment advances Betfair’s planned entry into Brazil’s regulated betting market, while federal licensing remains a next step.