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Caixa plans November launch for Brazilian betting platform

Licences & markets

Caixa Econômica Federal plans to launch its betting platform in Brazil in November, President Carlos Vieira said. He projected first-year revenue of R$2 billion to R$2.5 billion and about R$7 billion in 2026. The SPA approved the bank’s licence in July for three brands, with authorisation through 2029.

Caixa’s planned platform would bring a state-owned bank and three authorised brands into Brazil’s regulated betting market.

End-of-day close Playtech (PTEC), GBp, to 5 December 2025
Story date8 September 20255 December 2025

Earlier licence decisions by SPA

DateCompanyAmountStoryAppeal status
PixbetNot statedBrazil authorises Pixbet to rename Flabet as GanheibetNot stated
PixbetNot statedSPA-MF approves Pixbet brand change from Flabet to GanheibetNot stated
C3B Gaming Group, MC GamesNot statedC3B launches PlayBet as its second Brazilian betting brandNot 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

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Lula plans meeting with Caixa president over proposed betting launch

Brazilian President Luiz Inácio Lula da Silva is due to meet Caixa Econômica Federal President Carlos Vieira this week to discuss the state bank’s planned betting operation, reportedly amid government criticism. Caixa said it intends to launch by the end of November and estimated revenue of R$2 billion to R$2.5 billion for 2026; it received an operating licence from the Secretariat of Prizes and Betting in July.

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