Brazil's state-owned bank Caixa will launch a gambling platform in November, aiming for a first-year revenue target of 2.5 billion reais.

The Brazilian federal state-owned bank Caixa Econômica Federal announced that it will officially enter the regulated gambling market in November 2025, operating fixed-odds betting through its subsidiary Caixa Loterias Ltda with three brands, directly competing with private operators. Caixa President

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Brazil's state-owned bank Caixa will launch a gambling platform in November, aiming for a first-year revenue target of 2.5 billion reais.