Ordinance Prohibits Fixed-Odds Betting Without Authorization Request Starting October 1st

SPA/MF Edict nº 1475, published on September 17, 2024, establishes that only companies that have submitted a license application to the Secretariat of Prizes and Betting by the date of its publication will be allowed to continue operating fixed quota bets in the national territory from October 1, 2024. 

As a consequence: 

• Companies that have not submitted the license application within that deadline will only be able to explore fixed quota betting activities after obtaining prior authorization from the Secretariat of Prizes and Betting. 

• Bettors who have placed bets with these companies will be able to withdraw their deposited funds until October 10, 2024, directly on the operators’ websites, without prejudice to their right to redeem these funds later. 

• Starting October 11, 2024, the SPA will begin the process of notifying operators in an irregular situation to proceed with the blocking and exclusion of applications that continue to offer fixed-quota betting in the national territory. 

In parallel, betting operators that have submitted their authorization request by September 17, 2024, will be allowed to continue operating in Brazil until December 31, 2024. 

For that, they must indicate the brands (up to 3 per authorization request) in operation and the respective internet domains where they will provide the service in the Brazilian territory until December 31, 2024. 

Said information must be provided by completing the form included in the Annex to SPA/MF Decree nº 1475 and sent to the email adequacao.spa@fazenda.gov.br by September 30, 2024. 

For further information, our Gaming & Betting team is at your disposal.