Brazil’s SPA Publishes Notice No. 3/2026 to Refine Fixed-Odds Betting Authorization Rules

Key Takeaways

• Public Consultation Launched: SPA/MF No. 3/2026 published on July 22 in the Federal Official Gazette, running for 45 days from July 27 to September 9.
• Focus on Lessons Learned: The process targets revisions to Ordinance No. 827/2024 by incorporating experience from the first authorization cycle, as outlined in the April 2025 Regulatory Agenda.
• Transparency Parallel: Accompanies Finance Minister Dario Durigan’s June commitment to release over 25,000 betting licensing documents and the creation of a task force under Administrative Order No. 2,126.
• Open Participation: Any individual or legal entity may submit input via the Portal Brasil Participativo using gov.br credentials.

On July 22, Brazil’s Secretariat of Prizes and Bets published Public Consultation Notice SPA/MF No. 3/2026. The notice seeks contributions and information to prepare a decree establishing updated rules and conditions for companies to obtain authorization to operate fixed-odds betting.

As reported by World Casino News, the Secretariat of Prizes and Bets, known as SPA and operating under the Ministry of Finance, published the notice in the Federal Official Gazette. According to iGaming Business, this consultation aims to improve the authorization request procedure outlined in SPA/MF Ordinance No. 827/2024 by integrating lessons from the initial licensing round.

Regulatory Agenda and Delayed Review of Ordinance No. 827/2024

The consultation forms part of the SPA Regulatory Agenda established by Ordinance No. 817 in April 2025. That agenda had anticipated a review of the authorization procedure for betting operators during the first quarter of this year. The SPA only now placed the consultation online.

Ordinance No. 827/2024 previously regulated articles of Brazil’s betting laws on rules and conditions for obtaining authorization to operate sports betting and online games. The current process will gather input to revise those elements. This represents a structural shift toward iterative regulation that uses real-world operational data to adjust frameworks.

The 45-day consultation window, running from July 27 to September 9, allows time for detailed stakeholder responses. Submissions will be reviewed after the period ends, in accordance with Article 31 of Decree No. 12,002/2024. Such timelines give operators a concrete opportunity to address practical frictions identified in the first authorization cycle.

Transparency Measures and the Task Force Under Administrative Order No. 2,126

The licensing review arrives alongside a broader push for transparency. In June, Finance Minister Dario Durigan announced the ministry would publish over 25,000 documents relating to betting licensing. Durigan stated this aligned with the government’s commitment to providing transparency.

Earlier this week, the Ministry of Finance published Administrative Order No. 2,126. The order establishes a task force charged with ensuring transparency in the licensing processes for gambling companies. These steps together signal that regulatory evolution in Brazil now pairs procedural updates with visible accountability.

For client-partners navigating multiple Latin American jurisdictions, this emphasis on disclosure reduces information asymmetry. It also sets a benchmark that other LATAM regulators may reference when designing their own oversight mechanisms.

Effects on Operator Compliance Costs and Foreign Entry Barriers

The consultation invites specific feedback on authorization criteria. Operators can highlight compliance costs tied to documentation, technical standards, and ongoing reporting that proved burdensome in the first cycle. Revisions that streamline these elements could materially lower the cost of maintaining or obtaining authorization.

Foreign entrants, in particular, stand to benefit if the updated ordinance clarifies requirements around financial guarantees, local partnerships, and system integrations. Such clarity would reduce entry barriers that currently favor incumbents with established local compliance infrastructure. In a region where licensing regimes vary widely, greater alignment with efficient LATAM models would strengthen Brazil’s competitive position.

This consultation therefore functions as an inflection point. Input that focuses on measurable efficiencies could produce a framework supporting faster market entry while preserving regulatory integrity. The SPA’s willingness to revisit Ordinance No. 827/2024 demonstrates openness to practical adjustments derived from actual licensing experience.

Limitations and Risks in the Consultation Approach

Despite its constructive intent, the process carries limitations. The review was originally scheduled for the first quarter under the 2025 agenda but launched in late July. This delay extends uncertainty for operators planning near-term compliance investments or expansion.

The effectiveness also hinges on how the SPA weighs and incorporates the volume of expected submissions. If the final decree adds layers rather than removes them, compliance costs could rise instead of fall. There is likewise no guarantee that foreign operator perspectives will receive equal weight against domestic priorities.

These risks are real but addressable. The 45-day period and the transparent task force under Administrative Order No. 2,126 provide mechanisms to mitigate them, provided participants supply precise, evidence-based recommendations rather than general commentary.

The Opportunity for Targeted Industry Input

Operators and investors should treat this consultation as a direct channel to shape Brazil’s licensing regime. Submissions that document specific compliance pain points from the first authorization cycle, supported by operational metrics, will carry the greatest influence. This is the moment to advocate for criteria that balance consumer protection with commercial viability.

Brazil remains a cornerstone of LATAM gaming growth. A refined authorization process that lowers unnecessary barriers while upholding standards will accelerate sustainable expansion across the region. Active participation now can help align the final ordinance with practical market realities.

For operators evaluating Brazil alongside other Latin American opportunities, SCCG’s advisory team stands ready to assist with targeted submissions and compliance strategy. See our LATAM advisory page for additional perspective on regional market entry.