Home » News » Brazilian Online Sports Betting Market In Jeopardy

Brazilian Online Sports Betting Market In Jeopardy

The future of authorised online sports betting in Brazil was put in question after exiting president Jair Bolsonaro refused to sign the legislation before it was due to expire on December 12. After years of effort, Brazil finally made the first step in legalising fixed-odds online sports betting with Federal Law No. 13,756/2018, which was passed by the Senate four years ago.

Past Drafts to Legalize Gambling in Brazil

The government was given two years to draft and approve regulations after this law was passed, with the possibility of an additional two-year extension. This meant that the actual deadline was 12 December 2022. The Secretariat of Evaluation, Planning, Energy, and Lottery (SECAP) eventually published the guidelines in May and included a B$22.2m (€4.2m) license fee.

As a result of the outgoing president's failure to sign the regulation, it appears that preparations for legalised sports betting in Brazil have been abandoned. Brazilian-based bookmakers will not be able to operate, while those with foreign licenses are likely to still be permitted.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Artificial Intelligence will Help Problem Gambling Detection

Problem gambling is a plague the latest years and there are many bookmakers who try to stop this, or to make this phenomenal even smaller. Kindred Gro...

Betting Odds On Formula 1 2024 Season

Formula One is back for its 75th season, and the calendar starts with the Bahrain Grand Prix on March 1-3, 2024. After a record-breaking year with 19 ...

Next Pope Betting Odds

On Monday 21st of April, Pope Francis passed away at age 88. As his succession race is peaking, bookies are already offering special lines for the nex...

32Red Leaves the Australian Market Immediately

Australia is about to see a whole lot of changes in its gambling industry after the new regulations that are about to be passed by the government. The...

KSA Calls For Licensed Bookmakers To Stop Cashback Offers

The Netherlands’ regulator of gaming services, De Kansspelautoriteit (KSA), reportedly sent a letter to licensed online sportsbook operators and...

Dafabet online casino ceases UK operation

The top Asian online casino Dafabet will soon stop operating in the UK. The operator has not so far justified its decision, but it is estimated that t...

Next Manchester United Manager Odds After Ten Hag’s Dismissal

Erik Ten Hag was fired after the loss to West Ham during the weekend. Manchester United was already struggling this season, being 14th in the Premier ...

UFC partners up with Stake.com

The Ultimate Fighting Championship (UFC) organization announced that it became an official partner of the crypto-sportsbook Stake.com. The partnership...

Sportradar announced Michael Jordan as special advisor

The former NBA legend and arguably the best basketball player ever, Michael Jordan, will be a special advisor to Sportradar’s board of directors. The ...

Neha Sharma is the new ambassador of 1xBet

The world-famous gambling site 1xBet has partnered up with the talented and gorgeous Indian actress and model Neha Sharma. For the next year, the fema...

Bookmakers A-Z List

Full List is Loading...

TOP BOOKMAKERS

On Bookmakers.bet you can find the best and most reliable online bookmakers. You are advised to sign up and place your bets on our trustworthy premium partners. Click on each bookie's logo to read a detailed review, view the Book Spy's comments and reviews from other players or click on the “All Bookmakers” option to view our complete list of betting companies.

PREMIUM BOOKMAKERS

Accept players from your country

100% up to $130

exclusive

Claim

100% up to €100

Claim

100% up to $250

Claim

50% up to $200

Claim

100% up to $100

Claim

150% up to $100

exclusive

Claim

100% up to €500

Claim

120% up to $20,000

exclusive

Claim

100% up to €100

Claim

100% up to $100

Claim

100% up to €300

Claim

100% up to €250

Claim

100% up to $250

Claim

100% up to €5,000

Claim

300 USDT in Freebets

Claim

All Bookmakers

100% up to $130

exclusive

Claim

100% up to €100

Claim

100% up to $250

Claim

50% up to $200

Claim

100% up to $100

Claim

150% up to $100

exclusive

Claim

100% up to €500

Claim

120% up to $20,000

exclusive

Claim

100% up to €100

Claim

100% up to $100

Claim

100% up to €300

Claim

100% up to €250

Claim

100% up to $250

Claim

100% up to €5,000

Claim

300 USDT in Freebets

Claim

All Bookmakers

Players Reviews

Rate the bookmaker of your choice and help the community grow. Before you submit your review, please read the Terms & Conditions.

Payment Methods

On this section you may find which bookmakers will allow deposits through Credit Cards, Skrill, Neteller and Crypto. You can also view information for every deposit and withdrawal method.

Bookmakers with Visa

Bookmakers with Skrill

Bookmakers with Bitcoin

View all the bookmaker payment methods here

Bookmakers.bet Commitments

On Bookmakers.bet, we are committed to giving valuable betting advice to all levels of players. Whether you are an amateur or a professional bettor, we will show you all the necessary steps to become successful. From fundamentals, such as opening an account and completing the KYC process, to advanced principles, like avoiding scam bookmakers and making the most out of the bonuses, we have all bases covered.

Safe Bookmakers

Although it might seem tempting to sign up with an unverified bookmaker offering a huge welcome bonus, you may be caught in a scam. It is far preferable to choose a well-known and respected sportsbook. With so many options, doing the research can be time-consuming and tedious. On our Bookmaker Ratings page, you can find a complete list of trusted bookies alongside an honest review for every sportsbook.

New Bookmakers

It’s no secret that online gambling has exploded during the past decade. More and more users enjoy the occasional wager on their favorite sports and leagues. This is why New Bookmakers appear daily. Of course, competing with established sites is not easy. For that reason, new sportsbook tend to provide better bonuses, higher odds and quicker withdrawal

Scam Betting Sites

The unfortunate truth of online betting is that numerous sites are after your hard-earned money. Rejecting withdrawals, bonus cheating, closing accounts, offering fake odds and rigged games are only some of their common practices. Therefore, we have compiled a list of known Scam Bookmakers. Also, since new bookies appear regularly, we update our list daily based on reviews and player comments.

Mobile Betting Apps

Many online bookmakers have developed Mobile Betting Apps where the offering is accessible to a smartphone at any time. However, they are not all equal in terms of navigation, features and design. For that reason, we have evaluated all available applications and given you all the necessary information, including how to download them, as well as which ones offer Live Streaming on full screen and which bookmakers come with mobile-only bonuses

Brazilian Online Sports Betting Market In Jeopardy

Past Drafts to Legalize Gambling in Brazil

More articles