The Secretariat of Prizes and Betting (SPA) suspended on Friday (11) the provisional authorizations granted to four companies to operate iGaming in Brazil: Pixbet Soluções Tecnológicas (Pixbet, Flabet and Bet da Sorte), Caixa Loterias (Betcaixa, Megabet and Xbet Caixa), TQJ-Par (Baú Bingo, Tele Sena Bet and Bet Do Milhão) and 7MBR LTDA (Cbet). According to the authorities, they did not present the technical documentation and certificates required by the SPA.
In light of the decision, TQJ, in which Grupo Sílvio Santos has a minority shareholding through Sisan Participações, issued an official statement informing the progress of its licensing process with the SPA.
Official statement
“The company Todos Querem Jogar (TQJ) informs that it is in the process of obtaining a license from the Secretariat of Prizes and Betting (SPA) of the Ministry of Finance to operate in the regulated gaming and betting market in Brazil in 2025, and that it has already made the payment of the grant within the legal deadlines established by the Government.
Unlike other fixed-odds betting platforms, TQJ is expected to start its activities only in the second half of 2025, after the completion of the authorization requirements process.
For this reason, TQJ is listed as having its authorization suspended by the Ministry of Finance because it is still finalizing the entire operational process and was not included in the list of approved companies released by the Federal Government, as this list only includes operators that have already completed all stages of the regulatory process to begin operations in early 2025.
TQJ is committed to complying with all legal and operational requirements, reinforcing its commitment to integrity, the protection of bettors and strict Responsible Gaming rules. The goal is to create an entertainment experience offering safe, transparent and responsible betting to Brazilian consumers.
The Silvio Santos Group, which has a minority equity interest in TQJ through Sisan Participações, believes that regulation brings significant benefits to the market, creating a competitive and reliable environment, in addition to contributing to Brazil's economic development."
Source: GMB
