Meridianbet Among Only 89 Operators Advancing in Brazil’s Exclusive Sports Betting and iGaming Licensing Race

We are proud to announce that our Brazilian group entity, Meridian Gaming Brasil SPE LTDA, a subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), has successfully advanced to the next stage of Brazil’s exclusive licensing process for sports betting and iGaming. This positions Meridianbet among a select group of 89 operators authorized to continue operating during the regulatory adaptation period until December 31, 2024.

Our proprietary platform, meticulously tested for regulatory compliance, combined with comprehensive marketing strategies and responsible gambling initiatives, has been key in achieving this milestone. This recognition highlights our technological and operational leadership in the rapidly expanding Brazilian gaming market.

Advancing through this stage with only 89 operators now eligible to operate before the final decision, reaffirms Meridianbet’s commitment to innovation, regulatory excellence, and market leadership. With our cutting-edge technology, strategic marketing plans, and focus on responsible gaming, we are well-prepared to secure a significant presence in one of the world’s fastest-growing markets.

Our license application covers both sports betting and iGaming under Brazil’s unified licensing system, offering a full suite of gaming experiences to local players. The latest shortlist, issued by the Brazilian Ministry of Finance, brings us closer to capitalizing on a market expected to reach $2.2 billion by the end of 2024, with an estimated sports betting turnover of $34 billion by 2028.

For further details on the Brazilian licensing process and the official list of shortlisted companies, please visit the Brazilian Ministry of Finance website.

About Meridianbet

Founded in 2001, Meridianbet operates in 18 jurisdictions across Europe, Africa, and South America, leveraging proprietary technology and scalable systems. Our omni-channel business model spans retail, desktop online, and mobile platforms, delivering a seamless experience across multiple currencies and countries.

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Email: [email protected]