Context
In 2026, Brazil is Latin America's largest regulated online market. Following the entry into force of Lei 14.790/2023 and the launch of SPA (Secretaria de Prêmios e Apostas) within the Ministry of Finance, the country moved from a grey zone into a white-label licensing regime. The first licenses were issued in spring 2025, with full transition on 1 January 2026.
According to our data, total brand demand is the highest among the 15 NeBlask countries, surpassing the US, India and Italy.
Brazil's Top 10 Brands
Movement over month
Growing (MoM)
Falling (MoM)
Regulator
CC BY 4.0. Open feeds: brands.json, br.json, licenses.json. Methodology: Radar ·
/neblask/methodology · version v1.0.0.