Best XRP Casinos in Brazil (2026) | XRP Gambling Sites

XRP Gambling Laws in Brazil

Brazil launched its regulated online gambling market on January 1, 2025 under Law 14.790/2023. The Secretaria de Prêmios e Apostas (SPA) within the Ministry of Finance oversees licensing, with operator licenses costing R$30 million (~$6 million USD). Licensed operators must implement responsible gambling tools, identity verification, and transaction monitoring systems.

Cryptocurrency payments are explicitly banned for licensed Brazilian operators under Normative Ordinance No. 615/2024. The regulation restricts payment methods to electronic bank transfers between operator and player accounts—credit cards, crypto, cash, and payment slips are all prohibited. This ban aims to enhance transaction traceability and reduce money laundering risks in the newly regulated market.

Offshore crypto casinos remain accessible to Brazilian players despite lacking local authorization. Ordinance SPA/MF No. 566/2025 prohibits payment institutions from processing transactions with unauthorized operators, though enforcement focuses on operators and payment processors rather than individual players. Brazil's 215 million population and high smartphone penetration make it Latin America's largest gambling market, with crypto representing approximately 0.7% of total gambling transactions.

How to Buy XRP in Brazil

Brazil players can purchase XRP through these popular methods:

Tax Implications in Brazil

Under Law 14.790/2023, gambling winnings from licensed Brazilian operators face a 15% withholding tax on net gains exceeding R$2,112 monthly. Licensed operators automatically deduct this tax before payout, simplifying compliance for players using regulated platforms.

Offshore and cryptocurrency casino winnings require manual reporting via the annual Declaração de Imposto de Renda (DIRPF). Cryptocurrency gains fall under Ganho de Capital (capital gains) taxation with progressive rates: 15% on gains up to R$5 million, 17.5% from R$5-10 million, 20% from R$10-30 million, and 22.5% above R$30 million monthly. Law 14.478/2022 (Virtual Assets Act) and Law 14.754/2023 govern crypto asset taxation specifically.

Enforcement against individual players using offshore crypto platforms remains limited, with regulatory focus on unlicensed operators and payment intermediaries. Large conversions to BRL through local exchanges (Binance, Mercado Bitcoin) may trigger Receita Federal scrutiny. Players with significant offshore gambling activity should maintain detailed transaction records for potential tax reporting requirements.