Brazil’s 85 betting licenses expire without refund before Congress and STF act

The 85 federal authorizations held by 82 companies to operate fixed-odds betting in Brazil expired yesterday , when the 30-day period in Article 4 of Provisional Measure (MP) 1.394/2026 ended. Each authorization cost R$30 million ($6 million) for five years, plus a R$5 million ($1 million) security deposit. Almost 190 brands lost authorization without reimbursement. The regulated market opened in January 2025 under Law 14.790/2023 , with licenses from the Prizes and Betting Secretariat (SPA) of the Ministry of Finance. The framework introduced accredited international laboratories, problem gambling programs, KYC rules with biometric identification, and an oversight fee.