Brazil
New Brazil Regulation Will Open Up Multibillion-dollar Betting & Gaming Market
![new-brazil-regulation-will-open-up-multibillion-dollar-betting-&-gaming-market](https://recentslotreleases.com/wp-content/uploads/2024/05/136392-new-brazil-regulation-will-open-up-multibillion-dollar-betting-gaming-market.png)
Today’s new online gambling regulation in Brazil could lead to a market worth US$4.9 billion in annual revenue, according to a report by Vixio.
After many years of anticipation, Brazil’s Ministry of Finance today published an ordinance that will allow operators to apply for licences to offer sports betting and online gaming in a country of 200m+ people.
This could make Brazil the largest regulated online gambling jurisdiction globally, surpassing markets like Australia, France and New Jersey.
James Kilsby, and Chief Analyst for Vixio GamblingCompliance, said: “Today’s ordinance confirms that Brazil is set to complete its transition into a fully regulated market for online gambling over the course of the second half of 2024, with initial licences and new legal prohibitions becoming effective right at the start of next year.
“Operators will have to decide quickly whether and how to proceed, however, as only those who apply within 90 days seem assured of receiving their licence, if their applications are successful, before the market is launched. The industry will also be hoping for additional clarity from the regulator within this initial application period, with critical policy questions regarding local investment partners, permissible forms of online gaming and the scope of a prohibition on bonuses among several issues that are yet to be fully resolved.”
Brazil
Salsa Technology Announces Thiago Valadão as Country Manager for Brazil
![salsa-technology-announces-thiago-valadao-as-country-manager-for-brazil](https://recentslotreleases.com/wp-content/uploads/2024/09/139500-salsa-technology-announces-thiago-valadao-as-country-manager-for-brazil.png)
Salsa Technology today announced a significant addition to its commercial team with the arrival of business specialist Thiago Valadão, who will take on the role of Country Manager for Brazil.
With extensive experience in management positions in the technology industry, Valadão joins to amplify Salsa’s position as the leading technology provider for the regulated iGaming and Sports Betting market in the country.
“Salsa has been preparing for a long time to become the best technology partner for the regulated Brazilian market, and being able to count on Valadão’s professional experience to help us amplify this message is crucial at this moment when the regulatory framework—at federal, state, and municipal levels—is being established,” explained the company’s founder, Peter Nolte.
“I approach this challenge with great dedication and focus on this rapidly expanding market, with the aim of establishing Salsa as the leader and key business partner in this segment,” adds Valadão, who also will be driving commercial activity for the most competitive sportsbook in the market, thanks to Salsa’s partnership with First – Best in Sports.
Salsa was one of the few companies to have successfully completed all the testing of its platform with Cogel for federal licensing, with particular emphasis on its vault solution—integration with regulators—and analytics for information security. Not to mention Salsa Gator, the most popular and comprehensive aggregator, ready to enhance the growth of regulated operations.
Brazil
Meridianbet (GMGI) Shortlisted for Exclusive Sports Betting and iGaming License in Brazil
![meridianbet-(gmgi)-shortlisted-for-exclusive-sports-betting-and-igaming-license-in-brazil](https://recentslotreleases.com/wp-content/uploads/2024/08/139279-meridianbet-gmgi-shortlisted-for-exclusive-sports-betting-and-igaming-license-in-brazil.png)
Meridianbet, part of the Golden Matrix Group Inc. (NASDAQ: GMGI), announced that it has been shortlisted for an exclusive sports betting and iGaming license in Brazil.
The application, filed under request number 56.195.600/0001-07, positions Meridianbet among a select group of global operators who will be part of one of the most anticipated market launches in the global sports betting and iGaming industry.
The window for prioritized license applications in Brazil closed on August 20, 2024, with a total of 113 operators submitting their applications ahead of the deadline.
By securing its place in this priority group, Meridianbet has ensured that its license will be processed by January 1, 2025, which is the forecasted launch date for Brazil’s legal sports betting and iGaming market.
Meridianbet’s inclusion on this exclusive list underscores its status as one of the key players in the global gaming industry. With Brazil poised to become one of the world’s largest gaming markets, this license represents a significant opportunity for Meridianbet and Golden Matrix Group.
Meridianbet’s application includes both sports betting and iGaming (online casino) under Brazil’s comprehensive licensing regime, making it one of the few operators positioned to offer a full suite of gaming experiences to Brazilian players. The Brazilian gambling industry is forecasted to generate $34 billion in sports betting turnover by 2028, with an onshore gross win of $2.8 billion, according to a report by the International Betting Integrity Association (IBIA).
Brazil
WA.Technology to Become Brazil’s Most Sought-after Platform Provider
![wa.technology-to-become-brazil’s-most-sought-after-platform-provider](https://recentslotreleases.com/wp-content/uploads/2024/08/139277-wa-technology-to-become-brazils-most-sought-after-platform-provider.png)
WA.Technology, the award-winning B2B iGaming solutions provider, has announced that it is now fully certified and ready to take regulated operators live in Brazil, pending its operator partners’ own regulatory approval.
WA.Technology is already recognised as one of Brazil’s most-sought after platform providers, having partnered with many of Brazil’s leading operators, as well as being at the forefront of developing some of the country’s most popular sportsbooks and online casinos.
WA.Technology offers its partners a full spectrum of iGaming solutions, covering casino, sportsbook, lottery, affiliates and fantasy sports via its WA.Platform, WA.Sports, WA.Casino, WA.Fantasy, and WA.Lottery verticals.
With 113 operators having applied for licence applications, the Brazilian regulated market is forecast to go live on 1 January 2025. The International Betting Integrity Association (IBIA) predicts Brazil will reach $34bn in sports betting turnover by 2028, with an onshore gross win of $2.8bn.
Having obtained GLI-19 and GLI-33 certifications, as well as working closely with Brazil’s regulatory authorities, WA.Technology already has a fully operational team established in Brazil in preparation to support its newly regulated partners’ operations.
WA.Technology offers unparalleled experience across the market, as well as an unmatched level of player engagement delivered via local round-the-clock technical support, dedicated account management teams and a full range of managed services across sportsbook and casino.
Commenting on its readiness to support Brazil’s soon-to-be regulated operator brands, Phyllyp Sedicias at WA.Technology said:
“WA.Technology has been operating in the Brazilian market for several years. We understand the market and all its nuances, and we have successfully partnered with some of Brazil’s leading operators and have been at the forefront of developing some of Brazil’s leading brands.
Given our local expertise, we are poised to become one of the market’s most sought-after platform providers – with a reputation for excellence.
We have all the necessary certifications, an established working relationship with the Brazilian authorities, and a level of local expertise no other platform provider can match.”
Offering a full spectrum of iGaming solutions, WA.Technology has established itself as a leading platform provider with in-depth expertise in operating across LatAm, Brazil, Africa and beyond.
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