Summary
- The Ministry of Finance's Prizes and Betting Secretariat in Brazil imposed a 90-day suspension on four betting companies.
- The ordinance released late last week stated that the operators failed to submit the necessary technical verifications for their platforms.
- A court has lifted the suspension for Pixbet, a sponsor of several popular football clubs, ruling in favor of the operator.
At the beginning of 2025, Brazil introduced a new regulatory framework for fixed-odds betting. This framework established various requirements that licensed operators must meet to offer their services. In an unexpected move late last week, the Prizes and Betting Secretariat (SPA) of the Ministry of Finance temporarily suspended four betting operators.
SPA's ordinance suggested the suspension comes after failure to provide technical verification
The unexpected decision has led to a temporary suspension that could last up to 90 days. The SPA's ordinance, published in Brazil's Official Gazette on Friday, April 11, 2025, impacts several companies, including the sponsor of the popular football club Flamengo. According to the announcement, TQJ-Par Participações Societarias SA, which operates the brands Bingo Bank, BET DO MILLÃO, and TELE SENA BET, along with 7MBR LTDA, operator of the CBET brand, have been affected. Also impacted by the SPA's decision are MEGABET, XBET CAIXA, and BETCAIXA, operated by Caixa Lotteries SA, as well as Pixbet Technological Solutions LTDA, which manages the brands BET DA SORTE, FLABET, and PIXBET. The suspension of the
Provisional suspension against one operator was revoked by a court
Several dozen operators have obtained full licenses after proving compliance with the new regulatory framework. To acquire these licenses, operators also submitted the necessary technical certifications, demonstrating that their systems and platforms adhere to the rules. Pixbet, one of the operators affected by the temporary suspensions, holds sponsorship agreements with clubs such as Flamengo, Coritiba, and Atlético Mineiro. Pixbet challenged the ordinance in court, arguing it was