Levante Brasil LTDA, holding of the national betting market that represents Sorte Online in the online gaming sector, reached an important milestone in its journey. The documentation submitted by the company to the Prize and Betting Secretariat (SPA) and the Ministry of Finance was approved, consolidating another significant step in the regulatory process to operate in the online gaming and sports betting market in the country
After more than 20 years of acting as a digital intermediary for lottery games, Sorte Online is preparing to expand its operations and enter new verticals, including the betting and sports betting market. This advancement occurs in a promising scenario: the betting sector already accounts for about 1% of Brazil's GDP, moving between R$ 100 billion and R$ 120 billion in 2023, according to the report from XP Investimentos
"This approval reinforces our commitment to the regulated market and to the good practices of responsible gaming". We work to always be ahead, aligned with regulatory requirements, and we trust in the potential for sustainable growth of the sector, affirms Márcio Malta, CEO of Sorte Online
Next steps in the regulatory process
With the approval of the documentation, Sorte Online is now moving forward with the payment of the collection guide with the authorization fee and the certification of the platform. From there, the next step involves the detailed analysis of the certification and the license to operate. The Brazilian betting market is in constant evolution, and the Treasury regulations are an essential step to establish a solid regulatory framework. Our commitment is to overcome regulatory challenges and help build a more transparent sector, responsible and aligned with global best practices, reinforces Malta
Until now, 44 companies submitted their licensing requests to operate legally in Brazil starting January 1, 2025. According to the official schedule, approved requests will be notified by November 18, and the companies will have 30 days to make the payment of R$ 30 million related to the license
Bet on innovation and security
As a company belonging to a global group, Sorte Online stands out for implementing solutions that have already been validated in regulated markets around the world. This expertise provides a solid foundation to meet the requirements of the ten regulations established by the Ministry of Finance, consolidating its position as a reputable company aligned with the best international practices
The Brazilian betting market has shown rapid growth, with 36% of the population having already placed online bets, according to the consultancy Futuros Possíveis. Among these bettors, 78% claim to place bets frequently. These data reinforce the potential of a market that, besides dynamic, is increasingly oriented towards innovation and regulation
