A Foggo Entertainment, the holder of the Blaze rights in Brazil, has just received the federal license, granted by the Ministry of Finance, to continue operating in the country. The company, which had already made the payment of the grant of R$ 30 million and a reserve of R$ 5 million, adopted the new domain .bet.br.
To obtain the authorization, Blaze met the other requirements demanded by the Ministry and presented information requested during the period of adaptation to the sector's regulation.
A global entertainment platform, Blaze has always been committed to operating in full compliance with all current regulations and adapting to the new rules of the country.
“We are ready to meet all the standards that came into effect from January and continue operating with the highest international standards of integrity, reinforcing our commitment to a responsible and sustainable gaming market in the country,” states Aroldo Soares, head of legal, compliance, and governmental relations of the company.
“For us, the regulation of the betting market in Brazil is a crucial step to ‘separate the wheat from the chaff’ as the sector matures and expands in the country, empowering players through responsible gaming policies and offering rewarding and safe experiences to users,” he adds.
Founded in 2019, Blaze is an iGaming platform that offers entertainment through games, casino, and online sports betting to players around the world. With a catalog of more than 2,000 games, Blaze's mission is to develop innovative products, offering a unique experience to the user in an environment with maximum security, reliability, and transparency.
Source: GMB
