Golden Matrix’s Meridianbet shortlisted as eligible operator in Brazil

Golden Matrix Group announced that its subsidiary, Meridian Gaming Brasil, has passed another round of Brazil’s exclusive licensing process for sports betting and iGaming. As one of only 89 companies selected at the Federal level, Meridian Gaming Brasil remains well-positioned to continue operating nationwide during the adaptation period, which extends until December 31, 2024. This shortlist, released by the Brazilian Ministry of Finance, narrows the pool of companies eligible to operate in a market projected to reach around $2.2 billion in 2024. The Brazilian gambling industry is forecasted to generate $34 billion in sports betting turnover by 2028, with an onshore gross win of $2.8 billion, according to a report by the International Betting Integrity Association. This licensing process will grant GMGI‘s subsidiary Meridianbet nationwide access to the Brazilian market, allowing the company to tap into the country’s rapidly expanding market and reach a diverse and eager audience.