Brazil Whitelists Three More Operators Ahead of Its Regulated Market Launch

The Brazilian government has added Stake, Hiper Bet, and LBBR to its official whitelist of betting operators that have received approval to operate within the transition period from 1 October to 31 December before the nation launches its regulated betting sector.  These additions bring the total number of authorized operators to 96, which manage 213 live brands.

Approved Operators Can Get a Crucial Headstart
Stake and Hiper Bet received approval for one domain each, while LBBR filed its luck.bet, 1pra1.bet, and startbet.io brands. The Brazilian government’s Secretariat of Prizes and Betting (SPA) clarified that the three companies resolved several issues related to the authorization process, leading to their additions to the list of approved companies.

Stake, one of the most notable new entries, commented on this matter, highlighting its commitment to the Brazilian market. The company has invested significant efforts in the region with plans to open an office in São Paulo. Stake’s experience in other LatAm markets should help it secure a market share despite stiff regional competition.

This inclusion to the list will allow Stake Brazil to continue offering the best-in-class gaming and betting experience that local consumers have come to expect.

Stake statement
Operators wishing to operate within the Brazilian market had to present their applications by 11:59 pm on 30 September. Companies that failed to complete this step cannot offer services during the transition period. Brazil’s regulated gambling market, which will allow new operators to launch their services, is set to open on 1 January 2025.

Several Regulatory Issues Remain Unresolved
Meanwhile, the parent company of Esportes da Sorte, Esportes Gaming Brazil, was added to the SPA state-approved operator list after it acquired Loterj-licensed platform ST Soft. Despite this positive development, Esportes da Sorte has remained off the federal whitelist. Loterj claims its licensees can operate nationwide, but a recent court case challenged this stance.

The Federal Regional Court recently ruled that Loterj does not have the legal right to license operations beyond the territorial borders of Rio de Janeiro. This dispute stems from worries that allowing Loterj brands to operate nationwide without a proper federal license could lead to double standards and a lack of regulatory oversight.

As the market approaches its January 2025 launch, these developments highlight the growing complexities of Brazil’s gambling sector. State and federal authorities have a few months to resolve their contested issues and ensure the nation’s regulated gambling market launches without significant disruptions, giving consumers adequate protections regardless of which operator they engage with.