BetBoom, an international igaming holding, has been officially listed as one of the authorized bookmakers by Brazil’s Ministry of Finance. This approval comes as part of Brazil’s ongoing initiative to regulate and expand the betting and gaming industry, a sector experiencing rapid growth in Latin America’s largest economy.
BetBoom is one of 89 companies that received approval out of 185 applications submitted. The company was assigned number 55 in the official list, according to information published on the Ministry of Finance’s website. This temporary authorization allows BetBoom to operate until the end of 2024, after which the final list of approved betting platforms will be announced for continued operation starting January 1, 2025.
During the transition period, BetBoom is authorized to accept bets alongside other approved platforms. The company emphasized that its operations remain uninterrupted, with full protection of user funds. The authorization confirms BetBoom’s compliance with Brazil’s regulatory standards, including strict guidelines on operational transparency, player protection, and security.
According to BetBoom’s press office, the operations of the betting company continue without any interruptions, and user funds are fully protected. “Certainly, Brazil is one of the key markets in Latin America for all bookmakers and online casinos. The BetBoom team has timely submitted its application for a license, so we continue our operational activities at the moment, and we hope to delight Brazilians with our product and marketing in 2025 and beyond.”
BetBoom’s full integration into the Brazilian market is set to begin in 2025, with plans to solidify its presence in esports betting. The company continues to develop its platform to offer a secure, cutting-edge experience for Brazilian users. The firm aims to remain at the forefront of the country’s gaming industry, contributing to the growing popularity of esports and online betting.
Original article: https://www.yogonet.com/international/noticias/2024/10/07/81165-betboom-among-approved-betting-brands-by-brazils-ministry-of-finance
