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Brazil’s Finance Ministry reviews 25 sports betting applications

Licences & markets

Brazil’s Ministry of Finance is reviewing 25 applications from companies seeking authorisation to operate sports betting, according to the report. Applicants must meet regulatory requirements and pay R$30 million for a five-year licence. The report says the ministry has not disclosed when it will complete the reviews or how many applicants will receive authorisation.

Operators awaiting approval face a stated R$30 million fee and a five-year licence term under Brazil’s authorisation process.

Earlier licence decisions by SPA

DateCompanyAmountStoryAppeal status
PicPay, Nosso Time IgamingNot statedPicPay seeks Brazil betting authorisation through Nosso Time iGamingNot stated
KalshiNot statedKalshi explores potential Brazil prediction-market entry in 2026Not stated
Not namedNot statedBrazil’s SPA issues 67 initial betting authorisations for regulated marketNot stated

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