Betsson AB Group has revealed that it has received the neccessary gaming license from the Bazilian SPA to legally operate in the newly-regulated gaming market of Brazil.
Starting on February 25, 2025, Betsson is now allowed to offer its world-renowned gaming services in the new Brazilian gaming ecosystem. Interestingly enough, Betsson is already licensed to operate in a list of South American regulated markets, including Peru, Colombia, and Argentina, with the company being active in Brazil for more than a decade prior to the new regulations.
Pontus Lindwall, Chief Executive Officer of Betsson AB Group, commented on the approval and expressed excitement with the company receiving the license to operate in the country, highlighting the operator’s goals to grow via “geographical expansion” and offering Brazilian gaming enthusiasts a top-tier gaming experience.
We welcome the introduction of a local regulatory framework in Brazil and are pleased to have obtained a license. This step aligns with our strategy to grow via geographical expansion, and we look forward to offering Brazilian customers a secure and high-quality gaming experience.
By receiving the license, Betsson joins an elite company of 21 operators who have obtained new fixed-odds betting approvals from the Brazilian Ministry of Finance earlier this month. Earlier this week, the SPA announced mandatory anti-money-laundering (AML) policies for all licensed operators, following a direct order issued by the Ministry of Finance of Brazil.
In other Betsson-related news, the company has recently renewed its sponsorship deal with Argentinian side Boca Juniors in a bid that will see the leading operator proceed as the main shirt sponsor of the football club until December 2028.
Additionally, in January 2025, the company also entered a strategic partnership with GameplAI in an agreement that will see the operator cover football games across a list of major leagues.
Betsson AB Group is enjoying record-breaking numbers, as the leading iGaming brand has revealed its FY24 and Q4 financial report that shows a €1.1bn ($1.15bn) year-on-year revenue increase, or a growth of 22%.
