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GAMING & BETTING

Gaming & betting: authorisation is only the beginning of the operation.

Gaming & betting: authorisation is only the beginning of the operation.

Operators, platforms and investors need to align licensing, corporate structure, governance and controls before launching or expanding a betting operation in Brazil.

Marinho de Gusmão turns these requirements into an executable legal structure aligned with the business model and the ongoing validity of the licence.

LICENSING · CORPORATE STRUCTURE · GOVERNANCE · COMPLIANCE

STARTING POINT

The operation starts before the licence.

In a regulated betting market, product, technology, capital, governance and commercial channels form part of the same legal analysis.

With that map in place, we structure the market-entry strategy, licensing process, local responsibilities and controls required for a consistent operation.

ESSENTIAL DECISIONS

Four workstreams for an authorisable operation.

A licence depends on a structure that can demonstrate capital, governance, operational integrity and adherence to the approved model.

01

Licensing and market-entry strategy

Own licence, partnership, acquisition or another route to market.

02

Corporate structure and capital

Local entity, controllers, minimum capital, funding and financial structure.

03

Governance and responsibilities

Local management, key functions, authority and allocation of responsibilities.

04

Operations and compliance

AML/CFT, responsible gambling, advertising, security and ongoing controls.

WHAT WE STRUCTURE

What we structure in gaming and betting.

What we structure in gaming and betting.

We advise operators, platforms, investors and suppliers on the legal and regulatory structure required to participate in Brazil’s betting market.

Corporate structure, capital and governance

Local representation and management

Agreements with platforms, suppliers and affiliates

Advertising, bonuses and player protection

HOW WE WORK

From market-entry strategy to ongoing operations.

We organise the work in stages that connect the business model to regulatory requirements and operational execution.

01

Assessment

We assess the product, brands, channels, technology, partners and operating objectives.

02

Structuring

We define the corporate and regulatory architecture, governance, contracts and required controls.

03

Implementation

We coordinate licensing, policies, documents, contracts and implementation through operational readiness.

FREQUENTLY ASKED QUESTIONS

Initial questions about gaming and betting operations in Brazil.

Initial questions about gaming and betting operations in Brazil.

Can a foreign operator apply for a licence in Brazil?

Can a company enter the market through a partnership or acquisition?

What must be in place before the licence application?

Does the licence conclude the regulatory work?

CONTACT

Complex decisions require legal and operational judgment.

We talk to companies that are evaluating the Brazilian market, structuring a local presence, or facing a specific regulatory issue.

CONTACT

Complex decisions require legal and operational judgment.

We talk to companies that are evaluating the Brazilian market, structuring a local presence, or facing a specific regulatory issue.

CONTACT

Complex decisions require legal and operational judgment.

We talk to companies that are evaluating the Brazilian market, structuring a local presence, or facing a specific regulatory issue.

© 2026 Marinho de Gusmão. All rights reserved.

© 2026 Marinho de Gusmão. All rights reserved.

© 2026 Marinho de Gusmão. All rights reserved.