BetBoom, an international iGaming holding, has officially been included in the list of companies authorized by the Ministry of Finance of Brazil. This announcement is part of a government initiative aimed at regulating and expanding the betting and gaming industry in one of the fastest-growing markets in Latin America.
During the transition period, which will last until the end of 2024, BetBoom is authorized to accept bets along with other selected platforms. The Ministry of Finance of Brazil will release the final list of approved sites, authorized to operate from January 1, 2025, after this transition phase.
Official inclusion in the Ministry of Finance's list
BetBoom is among the 89 companies that received authorization from the Ministry of Finance, out of 185 applications submitted by betting platforms. In the official list, BetBoom received number 51, as published on the Ministry of Finance's website.
This approval highlights BetBoom's commitment to enhancing the Brazilian gaming landscape with cutting-edge technology, a secure platform, and a wide range of betting and gambling options.
Next steps for BetBoom
The transition period will allow BetBoom to operate until the end of this year, followed by the full integration of the company into the Brazilian market from January 1, 2025. BetBoom will continue to enhance the gaming experience in Brazil, solidifying its position as a trendsetter and the most remembered in eSports betting.
According to BetBoom's press office, the company's betting operations continue without interruptions, and user funds are fully protected. The company is focused on establishing closer ties with gaming enthusiasts in Brazil:
"Certainly, Brazil is one of the main markets in Latin America for all betting houses and online casinos. The BetBoom team submitted their license application in a timely manner, so we continue our operational activities at the moment, and we look forward to delighting Brazilians with our product and marketing in 2025 and beyond," stated the press office.
"For example, we are currently doing this in collaboration with the streamer Baiano during the League of Legends World Championship. Enjoy your experience with us! Our platform remains fully secure for all your transactions!"
BetBoom's approval is proof of its compliance with the strict regulatory requirements of the Ministry, including operational transparency, player protection policies, and robust security measures.
For more details, one can consult the complete list of the Ministry of Finance, which shows BetBoom at number 55.
BetBoom is a global betting company that began its operations in 2011, offering one of the most convenient products and advanced technologies in the international market. The company provides a comprehensive range of sports betting and online gaming services, known for its innovation and customer-centric approach.
With a strong presence in electronic sports, BetBoom stands out as the main investor in the eSports organization BetBoom Team and the tournament organizer FISSURE, as well as the owner of the event series BetBoom Dacha. As it continues to expand into new markets, BetBoom remains focused on compliance, security, and responsible gaming.
Source: GMB
