A look at the Brazilian betting market
In a new decree published on 16 September, the Brazilian Ministry of Finance stated that as of 1 October, betting platforms that have not applied for authorisation from the authorities will have their activities suspended. Only those who have applied for a licence by the deadline can continue operating until the end of the year. In addition, according to Decree SPA-MF No. 1.475/2024, companies that have not applied for authorisation must allow withdrawals until 10 October.??
Over the past few weeks, we have been keeping a close eye on all the developments in the Brazilian betting market and have provided you with key content to help you keep up to date with the latest market trends.??
Missed something? No worries! Here's a summary of our most important articles.??
Enjoy the reading!???
?? Betting site user experience??
A good user experience (UX) is essential to keep users engaged. In this article, we explore the key requirements every betting platform should consider to avoid frustration and ensure users have a seamless, enjoyable experience. Read more here!??
?? A booming market??
With new regulations in place, the sports betting market in Brazil is experiencing significant growth. This article delves into the unique opportunities for operators and punters in the country. Discover how this industry is becoming one of the most lucrative in Latin America. Read more here.?
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Attending CGS Recife 2024
In August, we attended CGS Recife 2024, and the event was a great success! Our Legal and Compliance Director, Marúcia Rucks, took part in the panel "Payments and Security in a Regulated Context", discussing topics such as security, compliance, and new regulations in the Brazilian iGaming market. Check out what happened!??
???? Emerging markets and their peculiarities: the case of Brazil?
Those interested in the topic already know that Brazil is a market with unique characteristics in the betting context – a history that goes back a long way. From ancient official lotteries to modern betting, Brazilians' relationship with gambling is diverse and stretches across generations. Curious about how this impacts business in the country? Read more here!
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Bazk at the SBC Summit in Lisbon??
In September, Bazk attended the SBC Summit in Lisbon, one of the most important events in the global iGaming industry. During the three-day event, we had the opportunity to establish strategic partnerships, share our expertise on Brazil's new regulations, and strengthen our presence in the global market. Check out what happened!??
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