In accordance with local legislation, a company that operates in Brazil can register for a CNPJ. Its next steps in the regulatory process include the payment of a fixed prize of R$30 million or US$5.3 million. It will give the right to work with three brands: Betnacional, Mr. Jack Bet and Pagbet.
Brazilians founded the NSX Group in Brazil five years ago and have led it entirely since. It uses knowledge of the local culture as a major differentiator to compete with the largest global companies operating in the country. For the supervision of fixed-odds betting activities, the group considers regulation essential.
João Studart, CEO of NSX Group, said that obtaining the Brazilian license is a significant milestone for them. It demonstrates their responsibility for the operation and the integrity of their work. Over the past five years, they have not only achieved positive results, but have also competed effectively with global companies. They expect to receive this authorization by the end of 2024, and may start operating in their country in 2025.
The NSX Group revolutionized the Brazilian sports betting market with a unique ecosystem that includes technological solutions, strategic marketing, content, and exclusive services. They were also the first to implement Pix. It seeks to provide an increasingly better experience for its users. Therefore, they are investing in equipment and technology to adapt Betnacional and other brands to the new regulations and deliver better and more reliable usability.
Studart concluded that they are committed to offering the best experience to Brazilians, ensuring a safe environment for online entertainment. In addition, they are dedicated to responsible gaming and combating money laundering, prioritizing security and integrity in all their operations.
BetTech, a member of the NSX Group, has revolutionized the Brazilian sports betting market by a unique ecosystem with technological solutions, strategic marketing, content, exclusive services and many success stories.
