In a significant regulatory shift, the Brazilian Government has officially expanded the list of esports titles eligible for fixed-odds betting, authorizing bets on popular games such as Counter-Strike, Valorant, and Fortnite.
The update was formalized through an ordinance published in an extra edition of the Diário Oficial da União, Brazil’s official government publication. This marks an important change from previous rules, which limited betting to esports titles recognized by the International Olympic Committee (IOC)—effectively excluding most shooter games.
Previously, Brazilian betting laws permitted wagers only on events recognized by the IOC, restricting the market primarily to Olympic-style competitions like chess, cycling, and motorsport.
However, the Ministry of Sport has now amended Law No. 14.790/2023, broadening the scope to include esports tournaments that have a license or authorization from the developers or intellectual property holders.
This move officially legitimizes betting on mainstream esports tournaments, particularly for high-profile shooter titles that had previously been excluded.
📈 According to Brazil’s Central Bank, Brazilians already spend between BRL 20 billion and BRL 30 billion (approximately $5.28 billion) per month on online betting activities.
With over 100 licensed betting operators in Brazil, the new regulation is expected to further boost market activity and diversify betting offerings for the growing community of esports fans.
The inclusion of games like Counter-Strike, Valorant, and Fortnite represents a major milestone for both the esports and gambling industries in Brazil.
Although Fortnite was featured during the 2023 Olympic Esports Week, it was limited to a special target-shooting format. The new ordinance now opens up betting on standard versions of these games, reflecting a broader acceptance of esports as legitimate betting events.
This adjustment is part of Brazil’s ongoing efforts to refine its regulatory framework, following the official launch of the country’s betting market at the end of 2023.
For crypto gambling platforms and Telegram-based casinos, these updates highlight a growing trend towards the mainstream acceptance of decentralized esports betting, signaling new opportunities for operators targeting the Latin American market.
Brazil’s latest regulatory update signals a progressive stance toward the evolving dynamics of esports and online betting.
By embracing popular shooter titles and removing outdated Olympic-only restrictions, the Brazilian market is positioning itself as one of the most dynamic and inclusive gambling ecosystems in Latin America.
At Crypto Dice News, we continue to monitor and report on the evolving relationship between crypto gambling, esports, and global betting regulation trends.
