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Caixa postpones possible betting launch to 2027 after 2026 withdrawal report

Licences & markets

Caixa Econômica Federal has reportedly dropped plans to launch a betting platform in 2026, with a possible launch deferred to 2027. The bank said it has not signed operating contracts and did not confirm the reported withdrawal; it said it continues to assess opportunities in fixed-odds betting.

The change leaves the timing of Caixa’s entry into Brazil’s licensed betting market uncertain.

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Caixa weighs planned Brazilian betting platform amid government opposition

Caixa president Carlos Vieira was due to discuss the bank’s planned betting platform with President Luiz Inácio Lula da Silva, as the project faced opposition from Lula and ministers. Caixa planned to announce the platform in 2025 and begin operations the following year, with Playtech as its partner; the project targeted R$2.5 billion in revenue in 2026. The report also reports that the TCU identified R$3.7 billion in transfers from Bolsa Família beneficiary households to betting sites in January 2025.

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