Meridianbet Secures Long-Term Gaming License in Brazil's Booming Market

Gaming technology company Golden Matrix Group has secured a pivotal five-year license in Brazil, enabling its subsidiary Meridianbet to operate comprehensive betting services across the country's rapidly expanding gaming landscape. The definitive federal license, issued by Brazil's Ministry of Finance Secretariat of Prizes and Betting, authorizes Meridianbet to conduct both online and retail fixed-odds betting until December 31, 2029.

The license represents a significant milestone for Golden Matrix, granting the company strategic access to one of the world's most promising gaming markets. Industry projections from H2 Gambling Capital estimate Brazil's Gross Gaming Revenue could reach US$10 billion by 2029, presenting substantial growth opportunities for licensed operators.

Meridianbet's unique positioning as one of the few operators licensed for both online and physical betting provides a flexible and diverse revenue model. This comprehensive authorization allows the company to leverage its proprietary technology and market expertise to penetrate Brazil's emerging gaming sector strategically.

CEO Brian Goodman emphasized the license's importance, noting it unlocks a significant revenue-generating opportunity and reinforces the company's commitment to global expansion and regulatory compliance. By securing this long-term operational approval, Meridianbet can now develop a robust market presence and scale its business in a high-potential region.

The license, issued under SPA/MF Ordinance No. 526, builds upon the company's initial online betting license awarded in January 2025. This progression demonstrates Golden Matrix's methodical approach to entering regulated markets, prioritizing legal compliance and sustainable growth.

For Meridianbet CEO Zoran Milosevic, the license represents a transformative moment, enabling the company to deliver its gaming experience to millions of additional players in Brazil. The strategic authorization aligns with Golden Matrix's broader objective of establishing a strong foothold in international gaming markets while maintaining industry-leading standards of responsible gaming.