Brazil regulated sports betting in 2023, opening one of the largest gambling markets in Latin America. The Ministry of Finance oversees licensed operators.
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Regulation
Sports betting was regulated in Brazil in 2023. The market is rapidly expanding.
Federal licence — Operators must obtain a licence from the Ministry of Finance.
Tax — Winnings may be subject to income tax.
Football — Brazil is one of the world's largest football betting markets.
Payment methods — PIX, boleto bancário and cards are widely accepted.