Brazil

Brazil authorises fixed-odds betting and online games under Law 14.790/2023, regulated by the Secretaria de Prêmios e Apostas (SPA) of the Ministry of Finance. Authorisation is discretionary, personal and non-transferable, and there is no cap on the number of operators.

• Brazilian company: only a company incorporated under Brazilian law, with its seat and administration in Brazil, as a limitada or sociedade anônima. A branch of a foreign company is not eligible. A Brazilian partner must hold at least 20 per cent of the share capital, and statutory directors must be resident in Brazil.
• Capital and reserves: R$30 million paid-in share capital, R$30 million minimum net equity and a R$5 million financial reserve, all maintained permanently. Each additional authorisation (for more than three brands) needs another R$30 million grant, R$5 million reserve and R$15 million of capital.
• People: proven gaming experience in the control group, a director responsible for the relationship with the Ministry of Finance and a director for customer service and the ombudsman, all with clean records. Controllers may not own football clubs (SAF) or professional sports organisations.
• Technical: betting system, sportsbook, remote game server and integration certified by a laboratory recognised by the SPA, cybersecurity requirements, membership of a sports-integrity monitoring body, and payments only through institutions authorised by the Central Bank.
• Domain: every brand operates on a bet.br domain registered after approval.

Sources (checked 20 September 2026): Law 14.790/2023 (Planalto) · Portaria SPA/MF 827/2024 (authorisation rules) · SPA FAQ on fixed-odds betting

• Authorisation grant (outorga): R$30 million, paid to the National Treasury within 30 days of the approval notice, for five years and up to three brands. A second authorisation for further brands costs another R$30 million.
• Capital locked in the company: R$30 million paid-in capital, R$30 million net equity and a R$5 million reserve for player payouts.
• Supervision fee: a monthly taxa de fiscalização payable to the Ministry of Finance, banded by revenue (Instrução Normativa SPA/MF 9/2025).
• Applications can be filed at any time through the SIGAP system. The 2024 cohort of applicants went live on 1 January 2025 and the SPA continues to authorise new companies.

Sources (checked 20 September 2026): Portaria SPA/MF 827/2024 · SPA FAQ on fixed-odds betting · SPA legislation index

Brazil taxes the sector through a statutory split of gross gaming revenue (stakes less prizes and prize income tax) plus ordinary business taxes.

• GGR contribution: 12 per cent in 2025. Complementary Law 224/2025 changed the split from 1 January 2026: operators keep 87 per cent in 2026, 86 per cent in 2027 and 85 per cent from 2028, so the public share is 13 per cent in 2026, 14 per cent in 2027 and 15 per cent from 2028. The extra percentage points go to social security, half of it earmarked for health. Remitted monthly through DARF codes by destination.
• Business taxes: PIS/COFINS and ISS of about 11.25 per cent on gross revenue, and corporate income tax and CSLL of 34 per cent on profit, the same as any other Brazilian company.
• Players: 15 per cent income tax withheld at source on net prizes above the exempt threshold.

Live dealer studios and B2B suppliers. Brazil issues no supplier licence. Betting systems, sportsbooks, game servers and games must be certified by an SPA-recognised laboratory before an operator uses them, and the GGR contribution is owed by the authorised operator, not by studios or suppliers.

Sources (checked 20 September 2026): Complementary Law 224/2025, art. 9 (Planalto) · SPA FAQ on fixed-odds betting (business taxes)

• Monthly remittances: the GGR contribution by destination through the DARF codes set by Portaria SPA/MF 1.212/2024 and its amendments, plus the supervision fee.
• Reporting: real-time and periodic data to the SPA through SIGAP under Portaria SPA/MF 1.225/2024, and Central Bank rules on payment flows. Law 15.358/2026 adds Pix-based detection of payments to unauthorised operators.
• Responsible gambling and advertising: Portaria SPA/MF 1.231/2024 (as amended in 2026) sets the bettor-protection tools, standardised warnings and marketing rules. Every advertisement carries the authorisation number and the operator is jointly liable for its affiliates’ and influencers’ content.
• Anti-money laundering: customer identification for every bettor, monitoring and reporting to COAF, and no anonymous or third-party funding.
• Ownership changes: mergers, spin-offs or changes of control trigger a review of the authorisation, with documents due within 30 days.

The SPA suspends brands that fall short: in August 2026 it suspended 14 brands for documentation and compliance failures, so authorisation is a continuing condition, not a one-off gate.

Sources (checked 20 September 2026): SPA legislation index (Portarias 1.212, 1.225, 1.231 and 2026 amendments) · Law 14.790/2023 as amended by Law 15.358/2026

The operator must be a Brazilian subsidiary: a limitada or S.A. registered with a CNPJ, seat and administration in Brazil, Brazil-resident statutory directors and a Brazilian shareholder with at least 20 per cent. Foreign groups typically incorporate a new Brazilian company, bring in a local partner and capitalise it at R$30 million before filing.

• Corporate taxes: corporate income tax (IRPJ) at 15 per cent plus a 10 per cent surcharge on profit above R$240,000 a year, and CSLL at 9 per cent, a combined 34 per cent on profit. PIS/COFINS and ISS of about 11.25 per cent apply on gross revenue.
• Banking and payments: player deposits and withdrawals run through institutions authorised by the Central Bank in the bettor’s own name.
• Budget: R$30 million grant, R$30 million capital, R$5 million reserve, laboratory certification, the monthly supervision fee and the phased GGR contribution.

Sources (checked 20 September 2026): SPA FAQ on fixed-odds betting (company and tax rules) · Portaria SPA/MF 827/2024, art. 4 and 11

• 1 January 2025 — Regulated market opened: only SPA-authorised companies on bet.br domains may operate.
• 26 December 2025 — Complementary Law 224/2025 phased the GGR contribution up to 13 per cent (2026), 14 per cent (2027) and 15 per cent (2028) and made third parties jointly liable for unpaid betting taxes.
• 2026 — Law 15.358/2026 requires Pix participants to detect payments to unauthorised operators, and the SPA suspended 14 brands in August 2026 for compliance failures.