Brazil grants Caixa Loterias fixed-odds betting authorisation through 2029
Brazil’s Secretariat of Prizes and Bets authorised state-owned Caixa Loterias to offer fixed-odds betting online and in person through 31 December 2029. The authorisation covers sports betting and digital games, including the BetCaixa, Megabet and Xbet brands.
The authorisation gives a state-owned company permission to compete in Brazil’s regulated betting and digital-games market.