StartNewsLegislationbet.bet receives definitive authorization to operate in Brazil until 2029

bet.bet receives definitive authorization to operate in Brazil until 2029

Following the progress in the regulated market in Brazil, bet.bet – an online betting company with a strong presence in the entertainment segment – received the final authorization from the Prizes and Bets Department (SPA) of the Ministry of Finance to operate legally in the country until December 31, 2029. Published in the Official Gazette of the Union (DOU) this Tuesday (18), the release reinforces the institution's commitment to transparency, security, and compliance with the guidelines established by the Federal Government for the sector.

"This authorization, in addition to being a significant milestone for us, reflects our commitment to responsibility. We are excited to continue contributing to a safer and more transparent market, aligned with players' expectations and government guidelines," declares Junior Guerra, the institution's marketing head. Alongside bet.bet, another 17 online betting platforms received licensing, bringing the total to 55 regulated companies in the country.

The regulation of sports betting in Brazil was sanctioned by President Luiz Inácio Lula da Silva on December 31, 2023. To operate legally in the country, companies had to pay a fee of R$30 million and meet a series of requirements, such as the prohibition of credit for betting, identification of players by CPF, facial recognition, and strict control of financial flows. Operators must also adhere to regulations on anti-money laundering, financial security, and practices that ensure "Responsible Gaming."

Check the list of approved platforms

4Play; 6Z; 9D; AFun; AI; Bet Wins; B2XBet; BandBet; bet.bet; Bet365; Bet7K; Betano; BetBoo; BetEsporte; BetFair; BetFusion; We; Betsul; BetSpeed; BethVera; BrazilBet; BullsBet; Betting House; CassinoPix; DonaldBet; StarBet; F12.Bet; GigaBet; GeralBet; H2Bet; HyperBet; Online Gaming; Gambling; Spear of Luck; LeaderBet; Lottoland; Luva.Bet; MaximaBet; Megabet; November; PaGou; QGBet; Rival; SeuBet; Online Sweepstakes; LuckyBet; Sportingbet; Stake; SupremaBet; UpBetBR; VBet; Vivaro; Viva Sorte; WJCasino; XP Bet.

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