title: Brazil — Overview: What kind of market is this? | advennt.io canonical: https://advennt.io/jurisdictions/brazil/overview/ [Jurisdictions](https://advennt.io/jurisdictions/) [Brazil](https://advennt.io/jurisdictions/brazil/) Overview Brazil · Question 01 of 11 # Overview: What kind of market is this? Favourable · Confirmed · Not reviewed · 1 post-review update · Not reviewed · [Back to full Brazil report →](https://advennt.io/jurisdictions/brazil/) Key section parameters | Jurisdiction | Brazil (BR) | |---|---| | Regulator | Recorded in register | | Favourability | Favourable | | Confidence | Confirmed | | Review status | Not reviewed · 1 post-review update · Not reviewed | | Last collected | 18 Oct 2026 | Summary answer Brazil's fixed-odds betting and online casino sector has moved from a one-year-old licensed regime to full nationwide prohibition. Medida Provisória nº 1,394/2026, in force since 25 September 2026, prohibits exploitation, offer, intermediation and advertising of fixed-odds betting lotteries across t… ### Key headwinds & conditions - High BRL 30m grant fee + BRL 30m capital + BRL 5m guarantee - Persistent tax-hike pressure (18%-24% proposals) - Strict data localisation and CPF/facial-recognition KYC - Aggressive offshore-blocking and advertising-restriction trajectory Not reviewed Information added after the 11 Aug 2026 expert review — published for currency and labelled not reviewed. 11 Oct 2026 Not reviewed Brazil's fixed-odds betting market moved from a maturing licensed regime, built around federal SPA/MF authorisations and state or Federal District lottery concessions, to a nationwide statutory prohibition under Medida Provisória nº 1.394/2026, published 25 September 2026. The MP bans the exploitation, offer, intermediation and advertising of fixed-odds betting (apostas de quota fixa) and took immediate legal effect, with licensed operators required to take their sites and apps offline from 6 October 2026. The prohibition is provisional in the technical sense that a Medida Provisória always is: it remains subject to ratification, amendment or rejection by the National Congress and to review by the Supremo Tribunal Federal, and both processes are live and unresolved as this is written. ## Full section analysis Brazil's fixed-odds betting and online casino sector has moved from a one-year-old licensed regime to full nationwide prohibition. Medida Provisória nº 1,394/2026, in force since 25 September 2026, prohibits exploitation, offer, intermediation and advertising of fixed-odds betting lotteries across the country and extinguishes every federal, state and district authorisation within thirty days. Congress is reviewing the measure, with up to 120 days from publication to act, and the Supremo Tribunal Federal has not yet ruled on constitutionality challenges brought by industry and civil-society bodies. The market structure that existed under Lei 14,790/2023 is being dismantled rather than adjusted, and the sector's near-term disposition depends on two unresolved processes: legislative conversion and judicial review.