Brazil’s Secretariat of Prizes and Betting (SPA), under the Ministry of Finance, has authorized Ux Entertainment Group to rebrand its UX platform (ux.bet.br) as Betgo (betgo.bet.br), according to Ordinance No. 1.066/2026 published in the Official Gazette.
The decision, signed by SPA Secretary Daniele Correa Cardoso, updates the company’s authorized brand portfolio, which will now consist of Betgo alongside its existing operations Reals and Bingo. The change amends a previous authorization granted in February 2025 and reflects updated information submitted through the regulator’s SIGAP system.
The development comes as Brazil’s regulated betting market continues to take shape following the implementation of the country’s fixed-odds betting framework. According to official figures, the market currently includes 84 authorized operators holding a total of 87 licenses. Of these, 85 are standard regulatory approvals, while two were granted through Federal Court decisions.
Across these licenses, operators are now running 193 distinct brands in the Brazilian market, highlighting both the scale and fragmentation of the sector as companies compete for positioning in a newly regulated environment.
Alongside regulatory developments, authorities are also reinforcing compliance obligations for consumers. Brazilian bettors have until 30 April to settle income tax liabilities on winnings from fixed-odds betting and fantasy sports, ahead of the annual filing deadline at the end of May.
Under current rules, individuals with higher net gains in 2025 must pay a flat 15% tax on the amount exceeding that threshold.
Brazil’s President has introduced a progressive levy on operators, with social security contributions set to rise from 1% of revenue in 2026 to up to 3% in the following years
