Betfair | Statement on application for license in Brazil
Reaffirming our commitment to the Brazilian market, Betfair confirms that on 13 August 2024 it submitted its application for a Brazilian licence, in compliance with the country’s requirements for betting regulation.
We are proud and excited to take this important step in our journey, which we have shared for many years with our Brazilian customers and all sports enthusiasts.
Betfair also confirms that it will continue to offer betting services on the Betfair Sports, Betfair Exchange and Betfair Casino platforms.
Kimberley Daly, CEO of Betfair International, said: “We are very excited about this new chapter in the Brazilian market and are optimistic about the future of the betting industry in Brazil. Betfair has established a strong relationship with the country and continues to develop products, offerings, policies and experiences that put our customers at the heart of everything we do.”
“We are also proud of our significant efforts as a founding member of the Brazilian Responsible Gaming Institute (IBJR), which is helping to shape the development of robust and modern regulation aligned with global best practices.”
One of the largest online sports betting providers in the world, Betfair is the official sponsor of Cruzeiro and Vasco da Gama clubs. The company, founded in London in 2000, pioneered the peer-to-peer betting offering (Betfair Exchange) and manages a full suite of sports betting, entertainment events and online gaming products for over four million customers aged 18 and over worldwide.
Thanks to its cutting-edge technology, the platform offers a wide range of products that allow you to bet with your own odds and odds offered by other users.
Betfair is licensed to operate online betting and other games in 19 countries, including Spain, Italy, Malta and Great Britain. In Brazil, the company submitted its license application to the Prizes and Betting Secretariat of the Ministry of Finance on August 13.
Source: GMB
