Caixa Lotteries Granted Permission to Continue Betting and Gaming Operations Until 2029
Caixa Econômica Federal to Launch State-Owned Sports Betting Platform in Brazil
In a significant move, Caixa Econômica Federal, Brazil's official lottery system operator, has been granted a five-year license to operate a state-owned sports betting platform. The license, awarded on July 30, 2025, marks the entry of Caixa into the regulated sports betting and online gaming industry in Brazil.
The platform is set to launch in the second half of 2025, with projections of generating around $1.2 billion in revenues for 2026. The operation will be under Caixa Loterias, the official lottery arm, indicating that the services will be offered through state-owned lottery brands managed by Caixa.
While the specific brand names for these services have not been detailed, the license allows Caixa to operate sports betting and online gaming services through state-owned brands. There is no mention of other private or external brands being involved in Caixa's sports betting or online gaming operations in Brazil, suggesting their offerings will be under their own state-operated brands.
Caixa Econômica Federal, established in 1861, is a major state-owned financial institution in Brazil. The organisation plays a significant role in the country's public finance system, managing programs like student loans, housing initiatives, and welfare benefits. Caixa also provides banking services to millions of Brazilians, particularly those in lower-income groups.
With this new venture, Caixa Econômica Federal is expanding its presence into the rapidly growing betting market. The license, valid until the end of December 2029, establishes Caixa as a major legal sports betting operator under government control, with exclusivity for state-run betting services in Brazil. This move is expected to give Caixa a competitive footprint in Brazil's regulated sports betting and online gaming industry.
Caixa Econômica Federal's state-owned sports betting platform will offer not only sports betting but also casino-games, as part of their expansion into the regulated online gaming industry in Brazil. Additionally, the platform may include lotteries, given that Caixa Loterias, the official lottery arm, will oversee the services.
