During the transition period, which will last until the end of 2024, BetBoom is authorized to accept bets alongside other selected betting platforms. The Brazilian Ministry of Finance will release the final list of approved betting sites, authorized to operate starting from January 1, 2025, after this transition phase.
Official inclusion in the Ministry of Finance's list
BetBoom is among the 89 companies that received authorization from the Ministry of Finance, out of 185 applications submitted by betting platforms. In the official list, BetBoom was assigned number 51, as published on the Ministry of Finance's website.
This approval highlights BetBoom's commitment to enhancing the Brazilian gaming landscape with cutting-edge technology, secure platform, and a wide range of betting and gambling options.
Next steps for BetBoom
The transition period will allow BetBoom to operate until the end of this year, followed by the company's full integration into the Brazilian market starting from January 1, 2025. BetBoom will continue to enhance the gaming experience in Brazil, solidifying its position as a trendsetter and the top of mind in esports betting.
According to BetBoom's press office, the operations of the betting company continue without any interruptions, and user funds are fully protected. The company is focused on establishing closer ties with gaming enthusiasts in Brazil:
"Certainly, Brazil is one of the key markets in Latin America for all bookmakers and online casinos. The BetBoom team has timely submitted its application for a license, so we continue our operational activities at the moment, and we hope to delight Brazilians with our product and marketing in 2025 and beyond," stated the press office.
"For instance, we are currently doing this in collaboration with the streamer Baiano during the League of Legends World Championship. Enjoy your experience with us! Our platform remains entirely secure for all your transactions!"
BetBoom's approval is a testament to its compliance with the Ministry's strict regulatory requirements, including operational transparency, player protection policies, and robust security measures.
For further details, it is possible to review the full list from the Ministry of Finance, which shows BetBoom at number 55.
BetBoom is a global betting company that began its operations in 2011, offering one of the most convenient products and advanced technologies in the international market. The company provides a comprehensive range of online gaming and sports betting services, known for its innovation and customer-first approach.
With a strong presence in electronic sports, BetBoom stands out as the main investor in the Esports organization BetBoom Team and the tournament organizer FISSURE, as well as the owner of the BetBoom Dacha event series. As it continues to expand into new markets, BetBoom remains focused on compliance, security, and responsible gaming.
Source: GMB
