A number of operators in Brazil have dropped out of the application process for federal betting licenses with the legal market’s launch less than two months away.
An initial deadline of 20 August saw 113 applications registered on Sigap, Brazil’s betting management system. Operators who applied ahead of that deadline are guaranteed to have their applications processed ahead of market launch on 1 January 2025.
Operators were still allowed to continue filing for licenses after that August deadline, with the number of applications reaching 273 earlier this week.
However, at least 20 operators have now withdrawn their applications in Brazil, with Super Group’s Betway the highest profile name on the list.
