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Lula plans meeting with Caixa president over proposed betting launch

Licences & markets

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.

The meeting may determine whether Caixa proceeds with its licensed betting operation and planned launch.

End-of-day close Playtech (PTEC), GBp, to 12 December 2025
Story date15 September 202512 December 2025

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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ALSPI urges Lula to oppose Caixa betting launch in Brazil

ALSPI said it sent President Luís Inácio Lula da Silva a letter opposing Caixa Econômica Federal’s planned online betting and gaming launch through the lottery network. The association argued the project could undermine the network’s sustainability; the launch of BetCaixa, MegaBet and Xbet Caixa is planned for 26 November.

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