Bet Construct has partnered with Oddsgate to bolster its localised offerings in the Brazilian sports betting market. The collaboration leverages Oddsgate's regional knowledge to refine Bet Construct's sportsbook software, enabling operators to navigate Brazil's regulatory landscape more effectively. This move comes as Brazil solidifies its fixed-odds betting framework under Law No. 14,790/2023, which mandates licensing and compliance for online sports betting and casino operations.
The partnership emphasises tailored software adaptations, including real-time odds management and sport betting payment integrations suited to local preferences. Bet Construct, a provider of comprehensive betting platforms, supplies core technologies such as API-based odds feeds and risk management tools, while Oddsgate contributes insights into market-specific challenges like currency handling and user engagement strategies. This synergy is designed to accelerate market entry for operators, ensuring seamless scalability and regulatory adherence in a sector projected for significant growth. Brazil's Secretariat of Prizes and Bets (SPA) oversees the framework, with licences costing R$30 million for five years, attracting global providers seeking to capitalise on the expanding user base.
Providers like Bet Construct are prioritising modular platforms that support diverse sport types coverage and live betting features, aligning with industry shifts towards AI-enhanced analytics for personalised experiences. The deal underscores a broader trend where software suppliers collaborate with local experts to mitigate risks in emerging markets, fostering innovation in areas like bet builders and virtual sports. For operators, this means access to robust back-end systems that handle high-volume transactions and ensure data security, critical in a competitive environment. As Brazil's iGaming ecosystem matures, such partnerships highlight the importance of localised software in driving operator success and player retention. This development positions Bet Construct to expand its footprint, potentially influencing similar strategies in other Latin American jurisdictions.
