Golden Matrix Group subsidiary Meridianbet has secured a definitive federal license from Brazil's Ministry of Finance Secretariat of Prizes and Betting, authorizing nationwide online and retail fixed-odds betting operations until December 31, 2029.
The license (No. 0086/2024) enables Meridianbet to fully participate in Brazil's rapidly expanding gaming market, which H2 Gambling Capital projects will reach US$10 billion by 2029. This authorization positions the company as one of the few operators licensed for both online and physical betting in the country.
Golden Matrix CEO Brian Goodman characterized the license as a milestone that unlocks substantial revenue-generating opportunities. The company views Brazil as a cornerstone of its global expansion strategy, emphasizing regulatory compliance and market potential.
Meridianbet CEO Zoran Milosevic highlighted the significance of the license, noting it will allow the company to bring its gaming technology and expertise to millions of Brazilian players. The definitive license provides long-term operational security and enables strategic market penetration.
The authorization represents a critical step in Golden Matrix's growth trajectory, aligning with its objective of expanding into high-potential regulated gaming markets worldwide. By securing this license, Meridianbet can diversify its revenue streams and capitalize on Brazil's emerging betting landscape.
