Background
Brazil's SPA framework went live 1 January 2025 under Law 14.790/2023 and Decree 11,907/2024. Q1 2026 tax revenue +123.7% YoY. Brazilian legal entity required; minimum 20% Brazilian-shareholder capital; ".bet.br" domain mandatory; SIGAP real-time data link; credit cards and crypto prohibited as deposit methods.
How do you apply for the SPA licence?
SPA application via Brazilian entity. Technical certification. Local hosting elements. SIGAP integration.
How much does the SPA licence cost?
R$30m fixed licence fee for 5-year term, covers up to 3 brands. R$5m operating reserve. Plus 0.82% inspection fee on GGR.
How long does the SPA licence take?
SPA was under-resourced through 2025-early 2026 (TCU formal criticism). Q1 2026 capacity improving.
What are the ongoing compliance obligations for SPA?
Centralised self-exclusion. SIGAP real-time reporting. AML under Brazilian framework. Affordability and behavioural-monitoring obligations.
What are the marketing rules under SPA?
".bet.br" domain. Affiliate-liability framework. Tightening creative restrictions; broadcast and influencer rules under further development.
The honest read
The largest LatAm opportunity by population, but the tax-rate ladder eats margin gradually and SPA is still maturing operationally. High acquisition cost. Suited to operators with serious LatAm thesis, Portuguese-language product, and patience for regulator consolidation.
Considering SPA for your operator?
Operator size, current portfolio, target markets, timeline. WhatsApp the operator profile. Same-day reply with a first read on whether the SPA licence is the right answer or whether something else fits better.
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