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Caixa Lotteries has officially secured a license to operate sports betting and online gaming in Brazil until December 2029, paving the way for the launch of its much-anticipated state-owned betting platform.
Good To Know
- Caixa Lotteries can now offer sports betting and online gaming through its three brands: BetCaixa, MegaBet, and XBet Caixa.
- The license allows operations in both physical locations and digital platforms.
- The authorization was granted by Brazil’s Ministry of Finance and its Secretary of Prizes and Bets.
The green light came from Brazil’s Ministry of Finance, which issued a new ordinance through its Secretary of Prizes and Bets, the agency responsible for regulating legal betting. This move gives Caixa Lotteries SA full rights to operate fixed-odds betting and online gaming through its national brands.
Caixa Lotteries will manage three distinct brands: BetCaixa, MegaBet, and XBet Caixa. The authorization allows the state-run company to offer sports-themed betting and online gaming across both physical venues and digital platforms.
This announcement follows Caixa’s public confirmation earlier this year that it planned to launch a state-owned betting platform. The company, which already operates Brazil’s official lottery system, now expands its presence into a rapidly growing betting market.
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About Caixa Econômica Federal
Founded in 1861, Caixa Econômica Federal is one of Brazil’s largest state-owned financial institutions. Beyond gaming, it plays a major role in the country’s public finance system by managing social programs such as student loans, housing initiatives, and welfare benefits. Caixa also provides banking services to millions of Brazilians, particularly those in lower-income groups.
The new license will remain valid until the end of December 2029, giving Caixa Lotteries a clear runway to establish a competitive footprint in Brazil’s regulated sports betting and online gaming industry.
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