Brazil Adds Three New Operators to Its List of Approved Bookmakers Ahead of Regulated Market Launch

Stake and Hiper Bet have been approved for one domain extension each, while LBBR has registered the brands luck.bet, 1pra1.bet and startbet.io. Brazil’s Secretariat of Prizes and Betting (SPA) clarified that the three companies have resolved several issues related to the authorization process, which is why they have been added to the list of approved operators.

Stake, one of the most notable new entrants, has underlined its commitment to the Brazilian market. The company is actively investing in the region and plans to open an office in Sao Paulo. Stake’s experience in other Latin American countries should help it gain market share despite the high level of competition.

This inclusion will allow Stake Brazil to continue to offer its customers the cutting-edge gambling and betting experience that local users have become accustomed to.

Operators wishing to operate in the Brazilian market had until 23:59 on September 30 to submit their applications. Companies that fail to do so will not be able to offer their services during the transition period. The regulated gambling market in Brazil, which will allow new operators to launch their services, is expected to open on January 1, 2025.

Meanwhile, Esportes da Sorte’s parent company, Esportes Gaming Brazil, has been added to the list of operators approved by the SPA following the acquisition of ST Soft’s Loterj-licensed platform. Despite this positive move, Esportes da Sorte remains absent from the federal list. Loterj claims that its licensees can operate throughout the country, but a recent court case has called this position into question.

The Federal Regional Court recently ruled that Loterj does not have the legal right to license operations outside the territorial boundaries of Rio de Janeiro. The dispute arose from concerns that allowing Loterj brands to operate nationwide without the proper federal license could lead to double standards and inadequate regulatory oversight.

As the market approaches its January 2025 launch, these developments highlight the growing complexity of Brazil’s gambling sector. State and federal authorities have several months to resolve the disputes and ensure that the regulated gambling market launches without significant disruption, ensuring adequate consumer protection regardless of which operator they work with.