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Brazil Fixed-Odds Betting Operator License (SPA)

Published: August 1, 2026Updated: July 29, 2026
Brazil (SIGAP)

The Brazil SPA Betting License is a mandatory authorization for companies wishing to offer fixed-odds sports betting and online lottery games in Brazil. Following the regulation of the sector in 2023-2024, this license ensures that operators comply with strict local laws regarding consumer protection, tax obligations, and anti-money laundering standards. It is a crucial entry point for one of the world's largest emerging iGaming markets.

Regulatory Body Secretaria de Prêmios e Apostas (SPA) under the Ministry of Finance
Jurisdiction Federative Republic of Brazil
Legal Framework Law No. 14,790/2023 (regulated by Decree No. 12,028/2024 and subsequent normative instructions)
Valid In

Exclusively for offering services to players physically located within Brazilian territory.

Not Valid In

Does not permit operations in other jurisdictions without respective local licenses.

Recognition

A national license with no international mutual recognition agreements.

What This License Covers

Fixed-odds sports betting operators (B2C) Online lottery operators Note: Pure casino games (slots, table games) are currently not covered under this specific sports betting framework, though legislative changes are frequently discussed.

Financial Requirements

Licensing Cost Approximately $5.2 Million USD
Renewal Cycle 5 years
Additional Costs Tax on Gross Gaming Revenue (GGR): 12% federal tax + potential municipal taxes.
  • Compliance and local infrastructure setup costs.
  • Bank guarantees or financial sureties.

Special Requirements

  • Local Presence: Must establish a legal entity in Brazil with a registered office.
  • Corporate Structure: Must be a Brazilian corporation (S.A. or Ltda.) with specific governance structures.
  • Capital Requirements: High minimum capital requirements to ensure financial stability (often in the range of hundreds of millions of Reais).
  • Technical Requirements: Systems must be hosted in a way that allows real-time auditing by the SPA. Data localization requirements may apply.
  • Compliance Obligations: Strict adherence to Brazilian AML laws, responsible gaming protocols, and integration with government monitoring systems.
  • Background Checks: Extensive due diligence on shareholders and directors, including criminal and financial background checks.

Ideal Use Cases

  • Major International Operators: With significant capital looking to enter the Brazilian market legally.
  • Local Brazilian Companies: Seeking to formalize their operations under the new regulatory framework.
  • Long-term Investors: Given the 5-year term and high entry cost, it suits businesses planning a sustained presence in Latin America.