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Sports bets were legalized in Brazil in 2024 but never regulated. Since then, dozens of betting firms, including bet365, Betano and Betfair, have been aggressively expanding in the country. Our Standards: The Thomson Reuters Trust Principles.
South America mostly accepts Bet365 inside its borders, and many countries provide licenses to the bookie, such as Brazil and Mexico. There are two main exceptions in South America, and we will explore more of them in the rest of the article.
Kaizen Gaming owns Betano, a leading online sports betting and gaming operator which is currently active in 9 markets in Europe and Latin America, while also expanding in North America and Africa.
The company operates two brands in 13 countries: Betano (Portugal, Romania, Germany, Brazil, Bulgaria, Czech Republic, Chile, Peru, Ecuador, Canada-Ontario, Nigeria) and Stoiximan (Greece, Cyprus) and employs more than 1,900 people across three continents.
