With Brazil being one of the most promising markets for online gaming, this development sets the stage for Stake to make a significant impact.

Brazil’s iGaming market

The Brazilian betting market has seen unprecedented growth over the past few years. With over 200 operators applying for authorisations to enter the market, Brazil has become a highly competitive landscape for iGaming businesses.

The authorisation of nearly 93 operators so far, and over 15 more requests made after the 1st of October deadline, indicates a robust process to ensure that only compliant operators are allowed to do business. With the fully regulated market expected to come into effect at the beginning of 2024, this transition period is crucial for operators like Stake Brazil Ltda to establish themselves and comply with the country’s regulations.