Brazil’s Secretariat of Prizes and Betting authorised six companies to offer fixed-odds betting under permits valid until 31 December 2029. The permits cover 15 brands; the SPA said it had issued 67 definitive and three provisional authorisations to date.
The permits define which operators may offer fixed-odds betting and online games in Brazil through 2029.
| Date | Company | Amount | Story | Appeal status |
|---|---|---|---|---|
| Blow Marketplace, Foggo Entertainment | Not stated | Brazil’s SPA authorises 12 companies to operate 30 betting brands | Not stated | |
| Big Brazil, Caesars Entertainment | Not stated | BIG Brazil launches BigBet sports betting brand in Brazil | Not stated | |
| Betsson, BPX Bets Sports Group | Not stated | Betsson receives five-year Brazilian betting licence | Not stated | |
| Apostou | Not stated | Apostou says Brazil grants it permanent betting authorisation | Not stated | |
| Aposta Ganha, BandBet | Not stated | Brazil’s SPA grants 21 betting companies full licences | Not stated |
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Brazil’s Secretariat of Prizes and Betting authorised Vanguard Entretenimento Brasil to offer fixed-odds betting, according to a portaria published on 2 April. The authorisation covers the Esporte 365, Bet Aki and Jogo de Ouro brands, online games and physical and virtual operations, and runs until 31 December 2029.
PicPay has sought approval from Brazil’s Secretariat of Prizes and Betting to enter the fixed-odds sports betting market through subsidiary Nosso Time iGaming. The application was filed in May 2025 and remains under evaluation, with no approval timeline stated; PicPay confirmed the filing in its US SEC prospectus.
A cross-party parliamentary health group launched the “Health Is Not a Bet” pact in Brazil on 10 November, with participants backing approval of MP 1.394/2026, which would prohibit fixed-odds betting. The IEPS dossier presented at the event cites an international marketing figure from 2021; Brazilian GGR data for 2025 put television advertising and Série A sponsorships together at about 6.8% of GGR.
Brazil's cross-party parliamentary group for mental health promotion launched the Health Is Not a Bet pact, with participants backing a proposed ban on fixed-odds betting. They called for a joint committee to be established and for MP 1.394/2026 to be approved.
An opinion column on a Brazilian betting industry site criticised the Lula government's September 2026 ban on fixed-odds betting activity in Brazil under Provisional Measure 1.394. The columnist cited an analysis that found 71 of 80 jurisdictions making significant legislative changes from 2018 to 2023 expanded legal gambling opportunities, and said the World Health Organization recommends strict regulation and enforcement.
Brazil's Lula government banned fixed-odds betting activity under Provisional Measure 1.394 in September 2026, a policy criticised in an opinion column on a Brazilian betting industry site. The measure prohibited the operation, offering, intermediation and advertising of fixed-odds bets.
Brazil’s MP 1,394/2026 prohibits fixed-odds betting, according to a report discussing the measure and its effects on licensed operators. The report says 85 operators paid R$30 million each for five-year authorisations, totalling R$2.55 billion, and that the government will not refund fees for unused periods. Finance Minister Dario Durigan said investors would have predictability in Brazil.
Brazil's government has prohibited fixed-odds betting through MP 1,394/2026, according to the report. The measure ends authorisations that had been active for 22 months. The government will not refund the authorisation fees or the portion covering the remaining period, the report says.