The Brazilian betting sector recorded a 76% drop in financial transactions in January. This is partly due to regulatory rules for the sector. This data is a comparison with the monthly average reported throughout 2024.
However, in February, the sector registered a recovery of over 90%. This time, it was a response to the period of adaptation to the new requirements. Therefore, the sector reacted again starting in March, when the decline narrowed to 22%, compared to the same period the previous year.
Thus, in the following months, the recovery accelerated, and market numbers only grew. In April, the volume traded increased by 1,973%, while in May, the growth was an impressive 115%.
The unprecedented survey is from Play4Fun, responsible for intermediating financial transactions for sportsbooks such as Bet365 and Blaze.
Betting volume is projected to increase by 20% to 30% by the end of the year. The iGaming market in Brazil in 2025 is driven by regulations that strengthen security and transparency, with projected growth of over US$4 billion by 2029, the adoption of innovative technologies, and regionalized marketing strategies.
The regulated betting market in Brazil
Fixed-odds betting was legalized by Law No. 13,756/2018, within the scope of sports betting, and by Law No. 14,790/2023, within the scope of online gaming. To operate with fixed-odds betting in Brazil, companies require prior authorization from the Secretariat of Prizes and Bets (SPA). The rules are established in Ordinance SPA/MF No. 827, of May 21, 2024.
Since January 1, 2025, only companies authorized by the SPA can operate nationally. Each authorization allows the use of up to three brands, and each brand can operate its own betting site. Furthermore, all federally authorized betting sites use the “.bet.br” extension.
About Pay4Fun
Pay4Fun is a payment institution authorized by the Central Bank of Brazil and a pioneer in its sector, enabling fast and secure transactions. Since its inception, it has stood out for its personalized service, delivered by a trained team available 24/7.
