On October 1st, the iGaming market in Brazil experienced a significant moment with the release of a list by the Secretariat of Prizes and Betting of the Ministry of Finance (SPA-MF). The agency announced the betting companies that received provisional authorization to operate in Brazil during the transition period, which will last until the end of the year.
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The regulated fixed-odds betting market will officially begin in the country on December 1, 2025. However, from October 1, only companies that received pre-authorization from the Ministry of Finance can continue operating in Brazil. The list of approved operators includes 96 companies and a total of 210 brands (each company could register up to three brands under the license).
For operators not listed in the government’s announcement, the deadline for keeping their websites online was until October 10, solely to allow Brazilian customers to withdraw their deposited funds. After this period, the National Telecommunications Agency (Anatel) began the process of blocking over two thousand sites considered irregular.
Following legal recommendations, StarsPay had also announced that it would cease its services for companies that did not obtain government approval. By December, SPA/MF is expected to complete the analysis of requests made so far, determining which sites will be licensed to operate legally starting in 2025. Companies that continue to provide services to Brazilian players illegally will face severe penalties, with fines reaching up to R$ 2 billion.
Contact the StarsPay commercial team now at: [email protected] and learn how we can make a difference for your business.
