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Caixa launches online betting platform amid criticism in Brazil

Licences & markets

Caixa Econômica Federal launched its Caixa Bet sports betting and online games platform in Brazil on 28 October, according to the report. The launch drew criticism from private-sector figures and President Luiz Inácio Lula da Silva; the report says Lula planned to call Caixa president Carlos Vieira to a meeting to dissuade him from launching it. Caixa Loterias obtained the online betting licence from the SPA, the report said.

Caixa’s licensed platform launch has drawn political criticism, potentially increasing scrutiny of its entry into Brazil’s betting market.

Earlier licence decisions by SPA

DateCompanyAmountStoryAppeal status
CaixaNot statedLula seeks meeting with Caixa chief over planned sports betting platformNot stated
CaixaBRL 2,500,000,000Lula considers halting Caixa’s planned betting platform in BrazilNot stated
TQJ, OpenBetNot statedTQJ launches Bet do Milhão betting brand in BrazilNot stated
Logame do Brasil, Sortenabet Gaming BrasilNot statedSPA restores licences for Logame and Sortenabet in BrazilNot stated
RiskCherryNot statedBrazil’s SPA recognises RiskCherry as a betting certification body for three yearsNot stated

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TQJ chief argues Caixa Bet reflects global public-lottery trend

Caixa Econômica Federal president Carlos Vieira announced plans to launch the bank’s online betting platform by the end of November, while its continuation is due for discussion with President Luiz Inácio Lula da Silva. TQJ chief executive Leonardo Gadelha Sampaio argued in commentary that Caixa Bet’s entry fits a wider international pattern; he said Caixa Loterias, a separate company, received a licence from SPA.

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