Rivalo is pleased to announce that it has successfully filed its application to join the newly regulated on-shore sports betting and gaming market in Brazil. The application for the license with the Secretariat of Prizes and Betting (SPA) of the Ministry of Finance was submitted this Tuesday (20) and the company will commence operations on January 1, 2025, in accordance with the new regulations.
Subject to regulatory approval, Rivalo's new Brazilian operation will be added to its existing portfolio, including the Colombian license that has been in effect since 2018.
With more than 170 million active users, Brazil not only has the largest population and online audience in Latin America but is also the fifth largest social media market worldwide. Rivalo is excited to be part of the new regulated gaming market in Brazil, offering sustainable alternatives for its customers.
“With a local presence and a new license, we will be closer to the Brazilian sports fan, offering new products and entertainment options”, said Daniel Eskinazi, the newly appointed general director of Rivalo for Brazil.
“Rivalo has been operating since 2016 and has earned the trust of bettors in Latin America. We will position ourselves as a cutting-edge operator in the Brazilian market”.
Rivalo is one of the oldest platforms in Latin America, operating since 2016 with a wide range of sports betting combined with an extensive portfolio of games in its casino. Rivalo is proud to have player Cafu as its ambassador. Cafu holds the record for most matches played for the Brazilian Men's National Team with 142 appearances, is a two-time world champion, and was the captain of Brazil's victorious World Cup campaign in 2002.
Source: GMB
