Could Consumers be affected by the transfer of Lotteries to Subsidiary?
Friday 19 de April 2024 / 12:00
⏱ 1 min read
(Brasilia).- Caixa Econômica Federal's Board of Directors has approved the transfer of the bank's lottery activities to Caixa Loterias. The company is a wholly-owned subsidiary of Caixa, and was set up in 2015 for this purpose.
According to Caixa, the change could bring greater profitability to the business. "The migration will provide greater focus and contribute to the objective of modernising the lottery business, expanding the gaming market, diversifying products and increasing results," says the bank.
Caixa exclusively operates the lottery games service, which includes brands such as Mega-Sena. These services are exclusive to the Federal Government, by law, but they have faced competition from online sports betting shops, the so-called bets, which are different in nature and were regulated by the government last year.
Protests
The change was approved despite protests from the bank's employee associations, who said that the move could open the door to privatisation of the business. Caixa said in a statement published last Sunday (14) that this move depends on Congress, regardless of which lottery operator it is.
As well as betting, lottery shops are an important part of Caixa's service network. In December last year, there were 13,300 units across the country, out of a total of 26,500 physical points of service for the bank.
Categoría:Lottery
Tags: Sin tags
País: Brazil
Región: South America
Event
SBC Summit Rio 2026
03 de March 2026
Pay4Fun Showcases Payment Innovation and Regulatory Leadership at SBC Summit Rio
(Rio de Janeiro, SoloAzar Exclusive).- Leonardo Baptista, CEO and co-founder of Pay4Fun, showcased the firm’s role as Brazil’s first authorized payment institution for the regulated betting and gaming market during SBC Summit Rio. Highlighting compliance, sector expertise, and efficiency, the company positioned itself as a trusted partner for operators adapting to Brazil’s new regulatory framework.
Friday 20 Mar 2026 / 12:00
Eeze LatAm's Maximiliano Ramos after SBC Summit Rio: "Brazil is the industry's spotlight today"
(Rio de Janeiro, SoloAzar Exclusive).- In this interview, Maximiliano Ramos, Eeze's Partnership Manager LATAM , analyzes the value of SBC Summit Rio as a key meeting point for the industry, the growth of the Brazilian regulated market and the opportunities opened up by artificial intelligence, strategic networking and innovation in user experience for gaming in the region.
Thursday 19 Mar 2026 / 12:00
Digital infrastructure strengthens trust in Brazil’s regulated betting market
(Rio de Janeiro).- The development of a robust technological infrastructure was highlighted as one of the key pillars for the functioning of Brazil’s regulated betting market during the panel “Building the Digital Infrastructure in Brazil’s Regulated Market,” held at the SBC Summit Rio event. The debate brought together representatives from the government, operators, and technology companies to discuss data monitoring, digital security, and consumer protection.
Friday 06 Mar 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.