Curated News
By: NewsRamp Editorial Staff
September 29, 2026
Meridian Holdings Responds to Brazil's Online Betting Ban
TLDR
- Meridian Holdings avoids major Brazil loss as its conservative entry limits exposure to the nation's new online betting ban.
- Brazil's provisional measure bans online betting, requiring Meridian to comply and await Congress approval within 120 days.
- Meridian Holdings supports Brazil's effort to protect bettors by complying with the ban and ensuring funds are returned.
- Meridian Holdings holds a Brazilian license until 2029, but a new measure could change its operations.
Impact - Why it Matters
<p>The Brazilian Provisional Measure banning online betting and casino services could have significant implications for the broader iGaming industry in Latin America's largest market. While Meridian Holdings states that Brazil represents an immaterial share of its revenue and that its conservative approach limits exposure, the measure underscores the regulatory uncertainty facing online gaming operators in emerging markets. If approved by Congress, the ban could prompt other countries to consider similar restrictions, potentially reshaping the industry's growth trajectory. For investors, the news highlights the importance of regulatory risk assessment and diversification. Meridian Holdings' proactive compliance and legal review demonstrate how companies can mitigate such risks, but the situation remains fluid, with potential for further developments as Congress deliberates. This news matters as it reflects the volatile regulatory landscape that can impact gaming stocks and the strategic decisions of operators worldwide.</p>
Summary
Meridian Holdings Inc. (NASDAQ: MRDN), a Las Vegas-based international developer, licensor, and operator of online gaming and e-commerce platforms, has issued a response to Brazil's Provisional Measure signed on September 25, 2026, which prohibits the operation, intermediation, and advertising of online betting and online casino services in the country and mandates that funds be returned to bettors. The measure is provisional and requires approval by the Brazilian Congress within 120 days to remain in effect. Meridian Holdings, through its Meridianbet brand and subsidiary Meridian Gaming Brasil SPE Ltda, holds authorisation SPA/MF nº 0086/2024 for fixed-odds sports betting and online gaming, granted until December 31, 2029. The company asserts it has been fully compliant with the measure and all applicable regulatory requirements in Brazil, and its conservative market entry with limited marketing expenditure has minimized exposure. Brazil represents an immaterial share of Meridian Holdings' group revenue, and the company is reviewing the measure's implications with legal advisers in Brazil and the United States.
Meridian Holdings operates across over 25 international regulated markets, with its B2C division led by Meridianbet Group, founded in 2001 and licensed in Europe, Africa, and South America. Its B2B division includes game developer Expanse Studios and iGaming platform GMAG, which develop and distribute proprietary gaming platforms and content globally. For more information, visit www.meridian-holdings.com or email [email protected]. This news comes from NEWMEDIAWIRE.
Source Statement
This curated news summary relied on content distributed by NewMediaWire. Read the original source here, Meridian Holdings Responds to Brazil's Online Betting Ban
