Seven Operators Suspended by SPA, Pixbet Rescued by New Court Ruling

In a recent development in the Brazilian iGaming market, the Secretariat of Prizes and Bets (SPA) suspended licenses of seven operators for failing to provide security assessment reports for their betting systems. This move by the SPA has raised concerns about the safety of bettors and the overall economy, as well as the government’s efforts to combat money laundering.

Among the suspended operators, Pixbet was one of the three that have already been reinstated, thanks to a court decision. Pixbet had previously faced a license suspension in April for similar reasons but was able to swiftly overturn the decision with the help of federal court intervention.

The recent actions by the SPA have highlighted the importance of compliance with regulatory requirements in the iGaming industry, with operators facing potential daily fines for failing to meet the necessary reporting obligations. The ongoing saga involving Pixbet serves as a reminder of the legal complexities and challenges that operators in the Brazilian market must navigate to ensure uninterrupted operations.

As the situation continues to evolve, it remains crucial for operators to prioritize regulatory compliance and transparency to avoid potential disruptions to their business operations. Stay tuned for further updates on this developing story in the Brazilian iGaming sector.