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PicPay seeks Brazil betting authorisation through Nosso Time iGaming

Licences & markets

PicPay sought approval in May 2025 to offer fixed-odds sports betting in Brazil through subsidiary Nosso Time iGaming, according to a prospectus filed with the US Securities and Exchange Commission. The application remains under review by the Ministry of Finance’s Secretariat of Prizes and Bets, and PicPay said it is awaiting regulatory approval before starting operations.

PicPay’s entry into Brazil’s fixed-odds betting market depends on the Ministry of Finance’s approval.

Earlier licence decisions by SPA

DateCompanyAmountStoryAppeal status
KalshiNot statedKalshi explores potential Brazil prediction-market entry in 2026Not stated
Not namedNot statedBrazil’s SPA issues 67 initial betting authorisations for regulated marketNot stated

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Netherlands' Council of State rejects Sabofra appeal over arcade licence

The Netherlands' Council of State ruled on 4 November 2026 in Sabofra's appeal concerning its arcade-machine operating licence. The company had challenged the Kansspelautoriteit's refusal of a new licence, which the regulator based on alleged poor conduct linked to cash centres used to facilitate illegal online gambling. The article says the court found the regulator's cited facts showed evidently poor conduct.

The administrative law division of the Netherlands' Council of State issued a ruling on 4 November 2026 in the case of Sabofra. According to the division, the facts cited by the Kansspelautoriteit amount to evidently poor conduct on Sabofra's part.

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