Big Brazil has received a provisional license, with CEO André Feldman aiming to leverage Caesars’ global experience. “Caesars Sportsbook’s goal is to provide a safe experience for customers and ensure that all regulations are met,” Feldman stated. Brazil Legal Betting
The SPA’s 2024 regulations require operators to use “.br” in website domains and mandate facial recognition for bettors to prevent underage gambling. Operators will face a 12% tax on gross gaming revenue, which could lead to an effective rate of around 36%.
The National Association of Games and Lotteries (ANJL) supports the regulations, stating they will help tackle the black market and protect Brazilian bettors. They labeled the granting of provisional licenses as “sensible and fair,” ensuring ongoing operations for legitimate companies.