Brazil: Ministry of Finance registers license applications from nine additional bookmakers

Bet365, Aposta Ganha, Brazino777, SeguroBet, Gamewiz Brasil, Betway, Lucky Gaming, Estadium.bet, and H2Bet have applied for a federal license to operate online gaming and betting in the Betting Management System (SIGAP) of the Brazilian Ministry of Finance.

In the case of Gamewiz Brasil, two applications were made to operate six brands.

With these nine companies that were added this week, the total number of requests in SIGAP reaches 27. Below, you can see the updated list with all the bookmakers listed in the system as of Friday morning, August 16:

Betano
Superbet
Rei do Pitaco
Sportingbet
BIG Brazil
NSX (which controls the Betnacional, Mr. Jack Bet and Pagbet brands.)
KTO
Betsson
F12 Bet
GaleraBet
Sportybet
EstrelaBet
Reals
Betfair
7games.bet
Novibet
HiperBet (owned by HiperCap)
Bet365
Aposta Ganha
Brazino777
SeguroBet
Gamewiz Brasil (two applications to operate six brands)
Betwa
Lucky Gaming
Estadium.bet
H2Bet 

Registration in SIGAP is mandatory for all companies wishing to operate in the regulated market. The Treasury guaranteed that whoever submits the requests before August 20 will receive an answer by the end of this year. If approved, they will be able to operate legally as of January 1, 2025, when all the regulatory rules come into force.

Companies that apply after August 20 may start 2025 without a federal license and be subject to penalties. This is because it may take several months for the application to be approved.

According to the portal Estadão, the expectation is that around 60 companies will apply to SIGAP by August 20. The number is lower than the list of 134 bookmakers that had already expressed interest to the Ministry of Finance last year.

The reason is that not all platforms will be able to meet the standards required by law, such as the payment of a BRL 30 million ($5.5 million) subsidy, and therefore will not be able to operate in the regulated market.

"The regulator asked for a high investment burden, minimum capital, liquidity, statutory directors," Rodrigo Del Mônaco, the institutional commercial partner of BTG and specialist in the segment, told Estadão. This fact was already expected by executives and representatives of the sector.

Through this link, you will be able to monitor in real-time the requests made to SIGAP.