Global Web3 Gambling Policy Hub
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Brazil

Newly Regulated
2026-01

Brazil legalized sports betting in December 2023 (Law 14.790/2023) and began issuing licenses in 2024. Online casinos remain in a grey area but are widely accessible. The new framework requires operators to obtain federal licenses, implement KYC, and pay taxes.

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Key Takeaways

1

Brazil is the largest emerging gambling market in Latin America

2

Sports betting is legalized, casinos remain grey area

3

PIX is the dominant payment method, crypto not explicitly addressed

4

License fees are substantial (BRL 30 million)

Five Policy Dimensions

Sports betting was legalized in December 2023. Online casinos are not explicitly regulated but widely accessible via offshore platforms. The regulatory framework is still evolving with new rules expected through 2025-2026.

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Recommended platforms for Brazil players

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