São Paulo court grants Stake temporary licence protection in Brazil
By SectorWire desk ·
Summary
A São Paulo federal court ruled on 8 October that authorities must preserve Stake’s Brazilian authorisation until 25 October or another court decision. The judge rejected protection through December 2029. Stake must maintain player safeguards and withdrawals, reserve funds for player balances and refrain from campaigns to attract customers.
Why it matters
The ruling gives Stake temporary operating protection while restricting customer acquisition and requiring funds to cover player balances.