Golden Matrix Group has just unlocked a major market milestone, solidifying its presence in one of the world’s most dynamic gaming economies. With a full federal betting licence now secured in Brazil, the Company’s strategic ambitions are rapidly materialising, positioning it to seize a multi-billion-dollar opportunity.
Golden Matrix Group Inc. has announced that its subsidiary, Meridianbet, has received a definitive federal licence from Brazil’s Ministry of Finance Secretariat of Prizes and Betting, authorising the company to operate both online and retail fixed-odds betting throughout the country until 31 December 2029. This key regulatory approval builds upon the initial online licence granted in January 2025 and cements Golden Matrix’s entry into one of the world’s most lucrative and fast-expanding regulated gaming markets.
CEO Brian Goodman hailed the achievement as a “substantial revenue-generating opportunity” and a critical step in the group’s broader global expansion strategy. With this definitive licence in hand, Meridianbet is now among a select group of operators authorised for both digital and physical betting operations across Brazil, giving the company a unique edge in market penetration and long-term scalability.
Meridianbet CEO Zoran Milosevic called the move a “historic moment” for the group, underscoring Brazil’s strategic importance in the global gaming landscape. With the ability to deploy its proprietary technology, market intelligence and operational depth, the company aims to deliver high-quality gaming experiences to millions of new players across the country.
This definitive licence significantly enhances Golden Matrix’s operational security and positions the Company to capitalise on Brazil’s projected Gross Gaming Revenue market, which is expected to reach US$10 billion by 2029 according to H2 Gambling Capital. The regulatory clarity ensures strategic investment stability while supporting Golden Matrix’s commitment to shareholder value, regulatory excellence, and responsible gaming practices.
Golden Matrix Group, Inc. (Nasdaq:GMGI) positions itself as a leader in the iGaming technology space, offering casino, sportsbook, and competition products and combining cutting-edge solutions with a strong portfolio of partnerships to drive growth and innovation in the digital gaming market.
