Golden Matrix Group’s subsidiary Meridianbet has secured a definitive federal license from Brazil’s Ministry of Finance, authorizing nationwide online and retail fixed-odds betting operations until December 31, 2029. The license, numbered 0086/2024, marks a significant milestone in the company’s international expansion strategy.
The license enables Meridianbet to fully participate in Brazil’s rapidly growing gaming market, which H2 Gambling Capital projects will reach US$10 billion by 2029. By obtaining both online and physical betting authorizations, Meridianbet distinguishes itself as one of the few operators with comprehensive market access.
Brian Goodman, CEO of Golden Matrix Group, highlighted the strategic importance of the license, noting it unlocks substantial revenue-generating opportunities in a high-potential market. The authorization builds upon an initial online betting license awarded in January 2025 and reinforces the company’s commitment to global market expansion.
Zoran Milosevic, CEO of Meridianbet, emphasized the significance of the license, describing it as a historic moment that will allow the company to bring its gaming technology to millions of Brazilian players. The license provides long-term operational security and positions Meridianbet to leverage its proprietary technology and market expertise.
The license was issued under SPA/MF Ordinance No. 526 and published in the Official Gazette of the Union, representing a formal regulatory endorsement of Meridianbet’s operational capabilities in Brazil.
This strategic move aligns with Golden Matrix Group’s broader objectives of expanding into regulated, high-growth gaming markets while maintaining rigorous compliance standards and responsible gaming practices.
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