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According to the Ministry of Finance’s Normative Ordinance No. 1330/2023, the deadline to express interest in obtaining federal authorization for operating in Brazil’s fixed-odds betting market is set for 25 November 2023.
Interested companies, whether national or international, have a window of opportunity to express their interest in order to ensure priority in the analysis of applications for federal authorization.
Our legal team at Bichara and Motta Advogados are attentively monitoring the regulation of the betting industry in Brazil, offering legal advice to multiple market participants.
For further information, please visit: www.bicharaemotta.com.br.
Udo Seckelmann and Pedro Heitor