EstrelaBet, a prominent sports betting operator, has successfully secured a full iGaming license from Brazil’s Secretariat of Prizes and Betting (SPA), solidifying its presence in the country’s newly regulated gambling market. The license, which remains valid until 2029, positions EstrelaBet among 17 authorized operators legally permitted to offer their services in the jurisdiction. By meeting stringent regulatory requirements, including a Rs. 30 million licensing fee, local headquarters establishment, and security compliance certification, the company has gained an early advantage in Brazil’s burgeoning sports betting industry. As regulatory frameworks continue to evolve, EstrelaBet is well-positioned to drive innovation, ensure responsible gaming, and expand its market share.

EstrelaBet Joins Brazil’s Exclusive List of Licensed Operators

With official approval from the SPA, EstrelaBet is now one of 17 authorized brands legally permitted to operate in Brazil’s gambling sector.
The State Gazette announced the licensing through ordinances published on February 18, 2025, marking a pivotal moment in the country’s gaming industry.
The license provides market stability until 2029, giving operators a strong foundation for long-term business growth.
A separate provisional authorization category exists for companies that initiated the licensing process but failed to meet the full regulatory conditions within the designated timeframe.

Stringent Licensing Conditions Ensure Regulatory Compliance

To obtain full market approval, all applicants must meet three core requirements:
A one-time licensing fee of Rs. 30 million (US $5.24 million).
A registered physical headquarters in Brazil.
Certification from an accredited testing company such as Gaming Laboratories International (GLI) to ensure compliance with security protocols.
By successfully fulfilling these obligations, EstrelaBet demonstrated its commitment to operational integrity and consumer protection.

Strengthening Responsible Gaming Measures

In compliance with Brazil’s responsible gambling framework, EstrelaBet has introduced several key initiatives:
A facial biometric-based player registry system, enhancing security and fraud prevention.
24/7 customer support, ensuring timely assistance for players.
The appointment of a dedicated ombudsman, responsible for handling consumer grievances efficiently.
Furthermore, the company partnered with FUMEC University to develop educational programs and predictive analytics tools aimed at identifying and assisting individuals exhibiting problem gambling behaviors.
EstrelaBet was among the operators selected by Brazil’s Ministry of Justice and Public Security (MJSP) in November 2024, to disclose their strategies for safeguarding vulnerable consumers.

CEO João Gerçossimo on the Company’s Milestone Achievement

EstrelaBet’s Chief Executive Officer, João Gerçossimo, emphasized the significance of securing this license, stating:

“This recognition is the result of years of work, commitment, and dialogue with regulatory authorities. We always seek to offer a safe, responsible, and innovative experience to our users. Obtaining the definitive license is a big step, and the real work begins now. The regulated market is still in its early days, and we have the responsibility to actively contribute to its development.”

This statement underscores the company’s long-term vision, emphasizing compliance, innovation, and market leadership as key strategic priorities.

EstrelaBet’s Competitive Advantage in the Brazilian Market

Founded in 2019, EstrelaBet established itself as a leading sportsbook prior to regulatory changes.
The company’s early entry into the market has given it a first-mover advantage, allowing it to build a strong brand reputation and user base.
Even before obtaining its full license, EstrelaBet maintained high visibility through major sponsorship deals:
Athletico Paranaense (one of Brazil’s top football clubs).
Internacional, a widely recognized club in the Campeonato Brasileiro Série A.
This established brand presence will provide a competitive edge, enabling the company to rapidly expand its market share in the newly regulated environment.

Brazil’s iGaming Market: A Lucrative Opportunity

With the formalization of iGaming laws, Brazil is projected to become one of the largest sports betting markets globally.
Analysts estimate the sector’s annual revenue potential to exceed Rs. 80,000 crore (US $14 billion) by 2027.
The introduction of strict regulations ensures that only financially robust and ethically compliant operators, like EstrelaBet, can remain competitive in this high-growth industry.