Meridianbet, under the umbrella of Golden Matrix Group, has achieved a significant regulatory milestone by securing a definitive federal license from Brazil's Ministry of Finance. This license, numbered 0086/2024, authorizes the company to conduct nationwide online and retail fixed-odds betting operations until December 31, 2029. The authorization is a testament to Meridianbet's compliance with Brazil's stringent regulatory framework and its commitment to responsible gaming practices.
The Brazilian gaming market, projected by H2 Gambling Capital to reach US$10 billion by 2029, presents a lucrative opportunity for Meridianbet. With this license, the company is now one of the few operators with comprehensive access to both online and physical betting markets in Brazil. This dual authorization not only broadens Meridianbet's operational scope but also enhances its competitive edge in a rapidly evolving industry.
Brian Goodman, CEO of Golden Matrix Group, underscored the strategic value of this license, highlighting its role in unlocking new revenue streams in a high-potential market. The license builds on an initial online betting authorization granted in January 2025, further solidifying the company's foothold in Brazil. Zoran Milosevic, CEO of Meridianbet, described the achievement as a historic moment that enables the company to deploy its advanced gaming technology to millions of Brazilian players, ensuring long-term operational stability and growth.
Issued under SPA/MF Ordinance No. 526 and published in the Official Gazette of the Union, the license serves as a formal endorsement of Meridianbet's operational capabilities and compliance with Brazilian regulations. This development is aligned with Golden Matrix Group's strategy to penetrate regulated, high-growth gaming markets worldwide, leveraging its proprietary technology and market expertise to drive expansion and innovation.
