Stake is honored to announce that the Brazilian Ministry of Treasury has officially included Stake Brazil Ltda. on the list of authorized betting operators in the country.
Therefore, the decision was made after a thorough analysis of the company’s application and supporting documents and will allow the brand to operate in the growing national iGaming market.
Company will be able to maintain its sponsorships
The Ministry of Treasury is still evaluating an application for a full license. But the company’s inclusion in the list of authorized operators will allow Stake Brasil to continue operating normally.
Stake’s commitment to Brazil will soon be further reinforced, with plans to open an office in São Paulo. The operator will also hire a dedicated country manager, as it has done in other important territories in Latin America.
From the point of view of partnerships in Brazil, the bookmaker has already had a fantastic relationship with Juventude, from Série A of the Brazilian Championship. During his first season at the club, the team reached the final of the Campeonato Gaúcho and reached the quarterfinals of the Copa do Brasil.
Stake’s partnership with UFC in Brazil has also strengthened over the years. The bookmaker has been working with athletes such as Alex Pereira and Alexandre Pantoja, who are looking to consolidate their champion status.
About Stake
Founded in 2017, Stake is the world’s leading brand in the gaming and betting category. The platform has grown to cover over 30 billion bets per year.
The bookmaker currently has more than 4% of total global Bitcoin transactions carried out through its casino and sportsbook. The bookmaker boasts an extensive global sponsorship portfolio, including rapper Drake, Stake F1 Team, Everton FC, UFC and many more.