IBOV 173,325.65 ▼ 0.03% IPSA 10,954.04 ▲ 0.52% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,281,979 — 0.00% COLCAP 2,301.34 ▲ 0.13% BVL PERÚ 57,575.02 — — USD/BRL5.06▼ 0.33% USD/MXN17.39▼ 0.16% USD/CLP936.73▲ 0.11% USD/COP3,206▼ 1.55% USD/PEN3.40▲ 0.08% USD/ARS1,480▲ 0.15% USD/UYU40.11▲ 0.99% USD/PYG6,035▲ 1.50% USD/BOB10.95▲ 3.79% USD/DOP58.34▲ 0.24% USD/CRC447.42▲ 1.35% USD/GTQ7.62▲ 2.27% USD/HNL26.74▲ 1.52% USD/NIO36.62▲ 0.72% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.36% USD/TTD6.73▲ 1.10% EUR/BRL5.77▼ 0.86% BRENT 93.50 ▲ 2.74% WTI 86.52 ▲ 1.90% IRON ORE 161.91 — — COPPER 6.52 ▲ 0.08% GOLD 4,152 ▲ 1.99% SILVER 60.56 ▲ 2.92% SOY 1,230 ▲ 0.84% CORN 481.50 ▲ 6.35% WHEAT 693.75 ▲ 2.32% COFFEE 317.35 ▼ 4.40% SUGAR 14.78 ▼ 0.67% ORANGE JUICE 145.20 ▲ 0.97% COTTON 80.43 ▲ 1.86% COCOA 5,405 ▼ 3.60% BEEF 221.15 ▼ 2.44% CATTLE 340.10 ▼ 2.70% LITHIUM 69.39 ▲ 0.44% PETR4 42.42 ▲ 1.82% VALE3 74.75 ▲ 3.29% ITUB4 42.71 ▲ 0.42% BBDC4 18.77 ▲ 1.19% ABEV3 16.08 ▲ 1.77% BBAS3 20.91 ▲ 0.14% B3SA3 15.47 ▲ 1.98% WEGE3 46.09 ▲ 8.52% PRIO3 59.64 ▲ 2.51% SUZB3 42.34 ▲ 1.71% RENT3 37.12 ▲ 1.56% AZZA3 17.46 ▼ 0.11% CSAN3 3.90 ▲ 3.17% RAIZ4 0.27 — 0.00% PCAR3 2.75 ▲ 0.73% GMAT3 3.87 ▲ 1.04% PSSA3 54.02 ▲ 1.01% CVCB3 1.21 ▲ 8.04% POSI3 3.72 ▲ 1.09% SLCE3 13.91 ▲ 1.16% NATU3 8.80 ▲ 1.03% BRKM5 5.99 ▲ 4.90% RANI3 7.98 ▲ 1.14% CSNA3 5.30 ▲ 4.74% CMIN3 5.88 ▲ 5.38% USIM5 8.64 ▲ 2.13% GGBR4 23.99 ▲ 2.13% ENEV3 25.74 ▲ 1.26% CPFE3 46.43 ▲ 0.06% CMIG4 11.14 ▲ 1.09% EQTL3 39.08 ▲ 0.64% LREN3 13.56 ▲ 2.19% VIVT3 35.75 ▼ 0.14% RAIL3 13.59 ▲ 2.64% KLABIN 17.88 ▲ 1.65% RAIA DROGASIL 18.21 ▲ 0.44% RDOR3 34.27 ▲ 1.03% HAPV3 11.56 ▲ 2.85% FLRY3 16.79 ▲ 1.45% SMTO3 15.88 ▲ 1.93% UGPA3 32.39 ▲ 1.79% VBBR3 34.62 ▲ 1.97% BBSE3 41.83 ▲ 0.67% BPAC11 56.41 ▲ 1.88% CURY3 30.38 ▲ 1.44% AERI3 2.07 ▲ 1.47% VIVARA 21.45 ▲ 0.19% COMPASS 24.88 ▲ 1.80% VAMOS 3.21 ▲ 3.88% SANB11 26.85 ▼ 1.32% ASAI3 8.47 ▲ 2.67% SBSP3 28.97 ▲ 1.29% WALMEX 49.27 ▲ 0.24% GMEXICO 211.01 ▲ 0.70% FEMSA 229.16 ▲ 0.96% CEMEX 22.29 ▲ 1.00% GFNORTE 188.30 ▲ 1.35% BIMBO 59.88 ▲ 0.83% TELEVISA 9.82 ▲ 1.24% AMX 22.66 ▼ 0.44% GAP 378.93 ▲ 0.16% ASUR 475.44 ▼ 0.44% OMA 229.47 ▲ 1.58% KOF 182.80 ▲ 0.97% GRUMA 286.35 ▲ 1.33% KIMBER 38.73 ▲ 0.86% SQM-B 64,503 ▼ 1.45% COPEC 6,449 ▲ 3.20% BSANTANDER 79.49 ▲ 3.23% FALABELLA 5,919 ▲ 1.44% ENELAM 82.54 ▼ 1.78% CENCOSUD 2,028 ▲ 1.65% CMPC 1,084 ▲ 1.30% BANCO CHILE 190.00 ▲ 0.80% LATAM AIR 24.08 ▼ 2.47% YPF 80,625 ▲ 1.80% GGAL 7,965 ▲ 1.53% PAMPA 5,475 ▲ 3.89% TXAR 679.00 ▲ 1.27% ALUAR 973.00 ▲ 1.41% TGS 9,710 ▲ 2.21% CEPU 2,340 ▲ 2.23% MIRGOR 16,775 ▼ 2.04% COME 42.87 ▼ 0.19% LOMA NEGRA 3,605 ▲ 0.91% BYMA 292.25 ▼ 0.51% TELECOM ARG 4,255 ▲ 2.65% ECOPETROL 16.99 ▲ 2.78% BANCOLOMBIA 84.20 ▲ 0.67% GRUPO AVAL 5.09 — 0.00% CREDICORP 388.14 ▼ 0.76% SOUTHERN COPPER 191.37 ▲ 1.79% BUENAVENTURA 32.59 ▲ 4.29% MERCADOLIBRE 1,803 ▼ 1.09% NUBANK 14.26 ▼ 0.90% XP 17.13 ▲ 1.66% PAGSEGURO 9.60 ▲ 0.16% STONE 11.30 ▲ 0.36% GLOBANT 32.19 ▲ 0.26% TECNOGLASS 45.81 ▲ 1.46% GAP AIRPORT 218.90 ▲ 0.56% ASUR 274.23 ▼ 0.27% OMA AIRPORT 106.83 ▲ 2.49% AMX ADR 26.05 ▼ 0.15% FEMSA ADR 132.00 ▲ 1.27% CEMEX ADR 12.85 ▲ 1.18% PETROBRAS ADR 19.04 ▲ 2.70% VALE ADR 14.71 ▲ 3.23% ITAU ADR 8.47 ▲ 0.77% SANTANDER BR 5.42 ▲ 0.18% AMBEV ADR 3.16 ▲ 1.61% CSN 1.06 ▲ 6.00% GERDAU 4.73 ▲ 1.94% LATAM ADR 51.17 ▼ 0.78% BTC 65,894 ▼ 0.92% ETH 1,939 ▲ 0.52% SOL 77.79 ▼ 0.41% XRP 1.14 ▼ 0.03% BNB 571.89 ▼ 0.30% ADA 0.18 ▲ 1.18% DOGE 0.07 ▼ 0.67% AVAX 6.55 ▼ 0.17% LINK 8.68 ▲ 0.36% DOT 0.84 ▼ 0.69% LTC 46.83 ▲ 0.03% BCH 221.68 ▼ 0.90% TRX 0.33 ▲ 0.01% XLM 0.19 ▼ 0.62% HBAR 0.07 ▲ 2.81% NEAR 1.89 ▼ 2.54% ATOM 1.47 ▼ 1.02% AAVE 97.82 ▲ 2.35% SELIC 14.25% EGX 53,932 ▼ 0.11% USD/ZAR16.42▼ 0.31% USD/NGN1,370▼ 0.55% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY163.06▼ 0.07% USD/CNY6.76▼ 0.08% DAX 25,151 ▲ 0.56% CAC 8,444 ▲ 0.96% FTSE 10,726 ▲ 1.32% MIB 52,811 ▲ 1.01% IBEX 19,601 ▲ 1.14% STOXX 647.36 ▲ 0.65% EUR/USD1.14▲ 0.16% GBP/USD1.34▼ 0.34% SPX 7,512 ▲ 0.03% DJI 52,429 ▲ 0.39% NDX 29,108 ▼ 0.16% RUT 2,980 ▼ 0.26% TSX 35,706 ▲ 0.95% VIX 17.16 ▲ 0.65% USD/CAD1.41▼ 0.13% US10Y 4.6420 ▲ 0.30% IBOV 173,325.65 ▼ 0.03% IPSA 10,954.04 ▲ 0.52% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,281,979 — 0.00% COLCAP 2,301.34 ▲ 0.13% BVL PERÚ 57,575.02 — — USD/BRL 5.06 ▼ 0.93% USD/MXN 17.39 ▼ 0.17% USD/CLP 936.57 ▲ 0.30% USD/COP 3,204 ▼ 1.60% USD/PEN 3.40 ▲ 2.36% USD/ARS 1,480 ▼ 0.10% USD/UYU 40.11 ▲ 0.99% USD/PYG 6,035 ▲ 1.50% USD/BOB 10.95 ▲ 3.79% USD/DOP 58.34 ▲ 0.24% USD/CRC 447.42 ▲ 1.35% USD/GTQ 7.62 ▲ 2.27% USD/HNL 26.74 ▲ 1.52% USD/NIO 36.62 ▲ 0.72% USD/VES 735.39 ▲ 1.58% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.35% USD/TTD 6.73 ▲ 1.10% EUR/BRL 5.77 ▼ 0.86% BRENT 93.50 ▲ 2.74% WTI 86.52 ▲ 1.90% IRON ORE 161.91 — — COPPER 6.52 ▲ 0.08% GOLD 4,152 ▲ 1.99% SILVER 60.56 ▲ 2.92% SOY 1,230 ▲ 0.84% CORN 481.50 ▲ 6.35% WHEAT 693.75 ▲ 2.32% COFFEE 317.35 ▼ 4.40% SUGAR 14.78 ▼ 0.67% ORANGE JUICE 145.20 ▲ 0.97% COTTON 80.43 ▲ 1.86% COCOA 5,405 ▼ 3.60% BEEF 221.15 ▼ 2.44% CATTLE 340.10 ▼ 2.70% LITHIUM 69.39 ▲ 0.44% PETR4 42.42 ▲ 1.82% VALE3 74.75 ▲ 3.29% ITUB4 42.71 ▲ 0.42% BBDC4 18.77 ▲ 1.19% ABEV3 16.08 ▲ 1.77% BBAS3 20.91 ▲ 0.14% B3SA3 15.47 ▲ 1.98% WEGE3 46.09 ▲ 8.52% PRIO3 59.64 ▲ 2.51% SUZB3 42.34 ▲ 1.71% RENT3 37.12 ▲ 1.56% AZZA3 17.46 ▼ 0.11% CSAN3 3.90 ▲ 3.17% RAIZ4 0.27 — 0.00% PCAR3 2.75 ▲ 0.73% GMAT3 3.87 ▲ 1.04% PSSA3 54.02 ▲ 1.01% CVCB3 1.21 ▲ 8.04% POSI3 3.72 ▲ 1.09% SLCE3 13.91 ▲ 1.16% NATU3 8.80 ▲ 1.03% BRKM5 5.99 ▲ 4.90% RANI3 7.98 ▲ 1.14% CSNA3 5.30 ▲ 4.74% CMIN3 5.88 ▲ 5.38% USIM5 8.64 ▲ 2.13% GGBR4 23.99 ▲ 2.13% ENEV3 25.74 ▲ 1.26% CPFE3 46.43 ▲ 0.06% CMIG4 11.14 ▲ 1.09% EQTL3 39.08 ▲ 0.64% LREN3 13.56 ▲ 2.19% VIVT3 35.75 ▼ 0.14% RAIL3 13.59 ▲ 2.64% KLABIN 17.88 ▲ 1.65% RAIA DROGASIL 18.21 ▲ 0.44% RDOR3 34.27 ▲ 1.03% HAPV3 11.56 ▲ 2.85% FLRY3 16.79 ▲ 1.45% SMTO3 15.88 ▲ 1.93% UGPA3 32.39 ▲ 1.79% VBBR3 34.62 ▲ 1.97% BBSE3 41.83 ▲ 0.67% BPAC11 56.41 ▲ 1.88% CURY3 30.38 ▲ 1.44% AERI3 2.07 ▲ 1.47% VIVARA 21.45 ▲ 0.19% COMPASS 24.88 ▲ 1.80% VAMOS 3.21 ▲ 3.88% SANB11 26.85 ▼ 1.32% ASAI3 8.47 ▲ 2.67% SBSP3 28.97 ▲ 1.29% WALMEX 49.27 ▲ 0.24% GMEXICO 211.01 ▲ 0.70% FEMSA 229.16 ▲ 0.96% CEMEX 22.29 ▲ 1.00% GFNORTE 188.30 ▲ 1.35% BIMBO 59.88 ▲ 0.83% TELEVISA 9.82 ▲ 1.24% AMX 22.66 ▼ 0.44% GAP 378.93 ▲ 0.16% ASUR 475.44 ▼ 0.44% OMA 229.47 ▲ 1.58% KOF 182.80 ▲ 0.97% GRUMA 286.35 ▲ 1.33% KIMBER 38.73 ▲ 0.86% SQM-B 64,503 ▼ 1.45% COPEC 6,449 ▲ 3.20% BSANTANDER 79.49 ▲ 3.23% FALABELLA 5,919 ▲ 1.44% ENELAM 82.54 ▼ 1.78% CENCOSUD 2,028 ▲ 1.65% CMPC 1,084 ▲ 1.30% BANCO CHILE 190.00 ▲ 0.80% LATAM AIR 24.08 ▼ 2.47% YPF 80,625 ▲ 1.80% GGAL 7,965 ▲ 1.53% PAMPA 5,475 ▲ 3.89% TXAR 679.00 ▲ 1.27% ALUAR 973.00 ▲ 1.41% TGS 9,710 ▲ 2.21% CEPU 2,340 ▲ 2.23% MIRGOR 16,775 ▼ 2.04% COME 42.87 ▼ 0.19% LOMA NEGRA 3,605 ▲ 0.91% BYMA 292.25 ▼ 0.51% TELECOM ARG 4,255 ▲ 2.65% ECOPETROL 16.99 ▲ 2.78% BANCOLOMBIA 84.20 ▲ 0.67% GRUPO AVAL 5.09 — 0.00% CREDICORP 388.14 ▼ 0.76% SOUTHERN COPPER 191.37 ▲ 1.79% BUENAVENTURA 32.59 ▲ 4.29% MERCADOLIBRE 1,803 ▼ 1.09% NUBANK 14.26 ▼ 0.90% XP 17.13 ▲ 1.66% PAGSEGURO 9.60 ▲ 0.16% STONE 11.30 ▲ 0.36% GLOBANT 32.19 ▲ 0.26% TECNOGLASS 45.81 ▲ 1.46% GAP AIRPORT 218.90 ▲ 0.56% ASUR 274.23 ▼ 0.27% OMA AIRPORT 106.83 ▲ 2.49% AMX ADR 26.05 ▼ 0.15% FEMSA ADR 132.00 ▲ 1.27% CEMEX ADR 12.85 ▲ 1.18% PETROBRAS ADR 19.04 ▲ 2.70% VALE ADR 14.71 ▲ 3.23% ITAU ADR 8.47 ▲ 0.77% SANTANDER BR 5.42 ▲ 0.18% AMBEV ADR 3.16 ▲ 1.61% CSN 1.06 ▲ 6.00% GERDAU 4.73 ▲ 1.94% LATAM ADR 51.17 ▼ 0.78% BTC 65,894 ▼ 0.92% ETH 1,939 ▲ 0.52% SOL 77.79 ▼ 0.41% XRP 1.14 ▼ 0.03% BNB 571.89 ▼ 0.30% ADA 0.18 ▲ 1.18% DOGE 0.07 ▼ 0.67% AVAX 6.55 ▼ 0.17% LINK 8.68 ▲ 0.36% DOT 0.84 ▼ 0.69% LTC 46.83 ▲ 0.03% BCH 221.68 ▼ 0.90% TRX 0.33 ▲ 0.01% XLM 0.19 ▼ 0.62% HBAR 0.07 ▲ 2.81% NEAR 1.89 ▼ 2.54% ATOM 1.47 ▼ 1.02% AAVE 97.82 ▲ 2.35% SELIC 14.25% EGX 53,932 ▼ 0.11% USD/ZAR 16.42 ▼ 0.23% USD/NGN 1,370 ▼ 0.45% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY 163.07 ▼ 0.05% USD/CNY 6.7609 ▲ 0.06% DAX 25,151 ▲ 0.56% CAC 8,444 ▲ 0.96% FTSE 10,726 ▲ 1.32% MIB 52,811 ▲ 1.01% IBEX 19,601 ▲ 1.14% STOXX 647.36 ▲ 0.65% EUR/USD 1.1417 ▲ 0.11% GBP/USD 1.3386 ▲ 0.05% SPX 7,512 ▲ 0.03% DJI 52,429 ▲ 0.39% NDX 29,108 ▼ 0.16% RUT 2,980 ▼ 0.26% TSX 35,706 ▲ 0.95% VIX 17.16 ▲ 0.65% USD/CAD 1.4090 ▼ 0.11% US10Y 4.6420 ▲ 0.30%
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Wednesday, July 22, 2026

Comparative Analysis of Online Gambling Laws in Portugal and Rio de Janeiro

By · January 23, 2025 · 4 min read

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(Sponsored) Online gambling is now legal in many countries worldwide, including Portugal and Rio de Janeiro, Brazil. In this post, we will make a comparative analysis and tell you all you need to know about the gambling online laws in these two locations.

Portugal’s Licensing and Compliance Framework

Portugal’s gambling laws are quite attractive to its residents and visitors. These days, almost every form of online gambling is legalized and controlled in the country. Let’s see what you can play here.

Online Casino Gaming and Lotteries

Online gaming is legal – and highly regulated in Portugal. The country has legalized casino gaming, including slots, casino table games, poker, as well as bingo. All of this falls under the jurisdiction of the Portugese Gambling Regulatory Authority, also known as Serviço de Regulação e Inspeção de Jogos do Turismo de Portugal or SRIJ. The law number 66/2015 regulates online gambling under the SRIJ.

Based on Portuguese compliance framework and gambling laws, players aren’t restricted from gambling at offshore casinos, either. They have a plethora of choices for gambling nowadays, both within the borders of the country and at offshore-licensed casinos.

Comparative Analysis of Online Gambling Laws in Portugal and Rio de Janeiro. (Photo Internet reproduction)
Comparative Analysis of Online Gambling Laws in Portugal and Rio de Janeiro. (Photo Unsplash)
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This gives them access to some of the top websites as listed on 20bet Portugal, which translates into many great options for online betting and casino gambling, as well as some of the most generous bonuses on the market.

Casinos are, by far, the most popular gambling option in the country. Another option for gambling in the country is lotteries. Lotteries are legal in Portugal and they are exclusively operated by the SCML, which is also the case with cross bets in sports and horse race betting.

Sports and Horse Betting

On top of casino games which can be found on trending casino sites, Portugal has also legalized and controls sports betting within its borders, with SRIJ being the regulatory body for this branch, as well. The same authority regulates the online and land-based form of gambling.

Portugal has legalized both sports betting and horse betting. This includes fixed-odds betting and cross bets (the latter are only offered by the SCML i.e. Santa Casa da Misericordia de Lisboa). The only restriction is for fantasy betting, which is strictly prohibited in Portugal.

Social Betting and Skill Games

Finally, we found that you can also find social games in the country without prize in money or money’s worth. These are overseen by the Ministry of Internal Affairs through SGMAI i.e. the General Secretariat of the Ministry of Internal Affairs. In some cases, municipalities also offer social betting.

Legal Structure in Rio de Janeiro

Rio de Janeiro just recently made major changes introducing new gambling laws online. The online gambling industry in Brazil became better regulated on January 1, 2024 by introducing mandatory licensing, tax collection and measures for prevention of gambling addiction.

This is all covered with law no. 13,756/2018 and 14,790/2023. According to the new regulations, around 50 companies are authorized to continue operating in the country.
Brazil was first worldwide in terms of visits to betting sites, accounting for an impressive 15% of global traffic.

Here is what is legal in Brazil nowadays.

Casino Gaming

This includes slots and casino table games. It’s prohibited in land-based form, but legal online. It is regulated by the Secretariat of Prizes and Bets under the Ministry of Finance. Bingo is prohibited in Brazil, as well.

Betting

The online sports gambling laws in Brazil are more favorable. Sports and horse race betting here is regulated by The National Coordinator Commission of Horse Breeding within the Ministry of Agriculture, Livestock and Food Supply. Fantasy betting is unregulated in the country.

Lotteries

Online gambling laws in Brazil also cover lotteries, which are regulated at the federal level under the Ministry of Finance.

Social Gaming and Skill Games

Social gaming and skill games in Brazil are legal, but remain unregulated.

Comparative Tax Policies for Online Casinos

In Portugal, gambling operators are subject to different taxation rates depending on the type of gambling they conduct. They are as follows:

  • 8% horse betting
  • 25% of the casino and bingo games gaming revenue
  • 35% of the commissions for betting exchanges and mutual horse Racing

In Brazil, gambling activities are subject to corporate income tax and social contribution of net profit at a federal rate of 34%. The effective tax rate can vary and goes like this:

  • 18.3% of total sales for LOTEX i.e. instant lottery
  • 15% horse betting
  • 12% casino games and sports betting

Potential Future Reforms in Both Regions

The Portugese iGaming market has higher-than-average entry costs, which might change in the future to make the market more attractive to operators. However, it is very profitable to offer gambling in the country, since the annual revenues exceed €300 million here. We can with certainty say that online gambling will continue to grow in popularity in this country in the future.

As for Brazil and Rio de Janeiro, the laws have only recently started changing. We can expect even more regulations – and law restrictions in the period that follows, both in online poker gambling laws and betting in general.

 

 

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