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SPA — Secretaria de Prêmios e Apostas
🌍 Brazil
What is this license?
The SPA is Brazil's only federal gambling regulator, established under Law 14.790/2023. It oversees fixed-odds sports betting (and online games) in Brazil — the only legally recognized license for operating in the Brazilian market.
Country / Jurisdiction
Brazil
Regulatory Authority
Secretaria de Prêmios e Apostas (SPA/Ministry of Finance)
Key Requirements
- Minimum capital of BRL 100 million (≈ USD 20M)
- Full AML/KYC compliance
- Brazilian CNPJ registration required
- Responsible gambling and player protection tools
- Local data storage requirements
Why it Matters for Operators & Affiliates
Brazil is the world's largest emerging iGaming market. The SPA license is the only legal authorization to operate fixed-odds betting in Brazil and is critical for any operator targeting Brazilian players.
