DigiPlus Interactive Corp., based in the Philippines, has been granted a federal gaming license in Brazil, allowing it to operate land-based and online sports betting, electronic games, live game studios, and other fixed-odds betting activities.
The announcement was made on Thursday through a filing with the Philippines Stock Exchange.
On November 21st, 2024, DigiPlus Brazil Interactive Ltda. successfully passed the qualification stage for the license with Brazil’s Ministry of Finance’s Secretariat of Awards and Bets (SPA). The company has been given 30 days to fulfill post-qualification regulatory requirements, including license fee payments.
The SPA has released the final list of authorized operators, enabling DigiPlus to offer online sports betting and iGaming services in Brazil starting from January 1st, 2025.
On the same day, the company’s Board of Directors approved an initial funding of PHP660 million ($11.4 million) to cover license fees, minimum capitalization, financial reserves, and other operational expenses related to the post-qualification process. This funding is intended to support operations for the next three months.
81 operators approved
Including DigiPlus, the official list published in the Official Gazette of the Union (DOU) details 81 licenses issued, 15 of which are permanent and 66 are provisional.
These companies have passed significant financial and regulatory requirements, including a mandatory payment of R$30 million ($4.7 million) to the federal government and the creation of an emergency fund of R$5 million ($789,862).
Among those granted permanent licenses are SuperBet, MGM, and SportyBet. In contrast, companies such as bet365, Betsson, Betano, Caesars, and SportingBet received provisional licenses.
This licensing process is part of the Brazilian government’s broader effort to regulate the rapidly growing online betting market. Companies authorized to operate in Brazil must meet strict requirements set by the Secretariat of Prizes and Bets. These rules, approved by Congress, address various issues, including taxation, advertising ethics, and player protection.
One key regulation is a 12.5 percent tax on gross monthly revenue, which licensed operators must remit to the government.
