Around 80 operators held an active federal betting licence in Brazil as of May 2026, a year and a half after the regulated market opened on January 1, 2025. The Secretariat of Prizes and Bets (SPA) at the Ministry of Finance issues the licences, while SECAP handles application reviews and operator audits.
The framework, set out in Law 14,790, grants a five-year licence that allows an operator to run up to three brands under a single company. The licence fee is R$30 million. The gross gaming revenue tax is 13% in 2026, rising to 14% in 2027 and 15% from 2028. Licensed operators must use the .bet.br domain and incorporate locally, with at least 20% Brazilian ownership.
International brands including Bet365, Betano and Flutter's Betfair entered through this route. Reporting from iGaming Business notes that while the regulated market is now producing real fiscal results, illegal operators continue to compete for Brazilian players.
For entrepreneurs weighing entry, Brazil remains the largest newly regulated market in the world, but the cost of compliance is real. The R$30 million fee, local incorporation, and a rising tax curve mean the market rewards scale. Smaller entrants are more likely to reach Brazilian players as a licensed brand under an existing operator than through a standalone application.