Cryptocasino and PIX as Key to Market Development

Brazil has completed the regulatory "build" of the online marketplace: Lei 14. 790/2023 secured the mode of online games and fixed odds betting under the supervision of the Ministry of Finance (SPA). This created the basis for growth and departure from the "gray" model. At the same time, the rules strictly banned crypto payments for licensed operators, leaving PIX, TED, debit and prepaid cards as the only acceptable input/output methods. As a result, PIX, rather than crypt, became the real "growth key" of the regulated segment.

Law and regulations: what is allowed and what is not

Base frame: Lei 14. 790/2023 - the legal basis of the online market with pre-authorization of SPA/Ministry of Finance.

Payments: Portaria SPA/MF nº 615/2024 defines permissible instruments and expressly prohibits cash, boletos and crypto assets for licensed betting operators; settlements - only through institutions authorized by the Central Bank.

Supervision and "white outline": current regulations and authorization procedures are published on the SPA portal (section Apostas de Quota Fixa).

Conclusion: "Cryptokazino" literally do not fit into the legal payment perimeter. Their use takes the player offshore and deprives the regulatory protection.

PIX as Infrastructure Accelerator

Pix = 24/7 instant payments with high penetration - the de facto standard for e-commerce and iGaming payments.

• Pix Parcelado (installments) expands the average check and competes with credit cards.
• Pix Automático opens subscription scenarios (loyalty/limits of responsible play, subscriptions).

Thanks to these capabilities, the speed of payments and the traceability of funds in the "white" segment surpass offshore practices, while corresponding to AML/KYC. This directly increases trust, conversion and retention.

The reality of "cryptocasino" in 2025

For licensed brands, crypto payments are prohibited - period. Any "crypto onboarding" is a sign of an irregular site.

The state has strengthened the blocking of illegal sites: thousands of domains are removed from access with the participation of SPA and Anatel; by mid-2025, 15 + thousand blocked pages and millions of players in the legal circuit were reported.

Player risk: lack of legal protection and payment guarantees, operator/access blocking risk. In contrast, white brands operate under SPA regulations and through BCB payment institutions.

Why onshon + PIX is developing the market better than crypto

1. Transparency of income and taxes: all transactions go through BCB-authorized providers - this improves tax collection and payment discipline.

2. Financial inclusion without credit cards: Pix Automático/Parcelado open up recurrent and "quasi-credit" scenarios for millions of cardless users.

3. Reducing motivation to offshore: PIX speed and predictability of CUS/payments level the main "selling factor" of the crypt - the speed of withdrawal.

4. Systemic consumer protection: uniform SPA standards for advertising, inspections and responsible gambling.

Macro effect: first year numbers

Official SPA reports for the 1st half of 2025: 17.7 million Brazilians made bets in the "white" segment; Anatel removed 15,463 pages of illegal content from access from October 2024 to August 2025. This confirms the flow of demand into a regulated system while putting pressure on offshore.

Practical recommendations

For operators

Maximum PIX: Auto payments per minute, Pix Automático for subscriptions/loyalty, preparing for Parcelado.

Strict compliance of the payment loop: exclude any "alternative" methods prohibited by 615/2024; work only through BCB-authorized providers.

Safety communication: emphasize segregation of funds, regulatory SLAs on payments and support channels.

For the players

Choose authorized sites with PIX/TED and a transparent payout policy; beware of "cryptocasino" - this is an offshore company without guarantees and with the risk of blocking.

Scenarios 2025-2027

Basic: the growth of the "white" market due to SPA authorizations and PIX functions, further degradation of the offshore through locks and payment barriers.

Innovative: the heyday of subscriptions and installments through Pix Automático/Parcelado - new LTV models without credit cards.

Bottom line: for the development of the Brazilian market, the "key" is not crypto wallets, but regulation + PIX. Cryptocasinos remain outside the legal field, while PIX (including Automático/Parcelado) gives regulated operators speed, scale and inclusion - and it is he who shapes the sustainable growth of the industry in 2025-2027.