Brazil’s 85 betting licenses expire without refund before Congress and STF act

The 85 federal authorizations held by 82 companies to operate fixed-odds betting in Brazil expired yesterday, when the 30-day period in Article 4 of Provisional Measure (MP) 1.394/2026 ended. Each authorization cost R$30 million ($6 million) for five years, plus a R$5 million ($1 million) security