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Blaze

Online casino and sports betting platform

Overview

Blaze runs an online casino and sports betting platform, catering mainly to Latin America, especially Brazil. It collects revenue from real-money wagers and offers a casino with 4,000+ titles (including Blaze Originals) and a sportsbook, accessible via web and a mobile app, with fiat and cryptocurrency payments. It differentiates itself through high-profile sponsorships (Santos FC, Neymar Jr.), a large game catalogue with in-house titles, and Curaçao licensing with Emoore N.V. overseeing management. Its goal is to grow its brand and market share in iGaming in Latin America while expanding crypto-enabled betting.

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About Blaze

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Industries

Consumer SoftwareCrypto & Web3EntertainmentGaming

Company Size

1-10

Company Stage

N/A

Total Funding

N/A

Headquarters

United States

Founded

2011

Benefits

  • Health Insurance
  • Meal Benefits
  • Commuter Benefits
  • Paid Vacation

Company News

Global Gaming Insider
Oct 21st, 2026
Brazil's biggest bettor? Lawyer linked to Bolsonaro investigated for betting $965m.

Brazil's biggest bettor? Lawyer linked to Bolsonaro investigated for betting $965m. A ministry technical note says Willer Tomaz moved BR5bn ($965m) through betting last year. He says the funds are lawful and the figures don't reflect reality. Key Points A Finance Ministry note says Willer Tomaz moved BR5bn in betting in 2025 His deposits and withdrawals were over 60% above the second-ranked bettor's Lawyer Willer Tomaz was Brazil's largest bettor in 2025, according to a Finance Ministry technical note. The note, from the Secretariat of Prizes and Bets (SPA), says Tomaz moved BR5bn ($965m) in bets and withdrew more than BR200m, with most of the volume circulating within the platform as winnings, re-bets or losses. His combined deposits and withdrawals, about BR350m, were "60% more than Brazil"/ second highest bettor." The note also says operator Blaze failed to meet the oversight and control obligations tied to its authorization. The Federal Police are investigating the transactions, suspecting they may have concealed the origin of illicit funds. Tomaz's lawyer said the funds are lawful, consistent with his income and declared to the Federal Revenue Service, and that the ministry's figures "do not correspond to reality." Tomaz is a personal friend of presidential runoff candidate Flávio Bolsonaro, who would also ban gambling if elected. Separately, Tomaz's lawsuit seeking compensation for losses at online blackjack and roulette led the ministry to open a proceeding against Blaze, which faces fines of up to BR2bn. Court records show 2,145 deposits totaling BR325.3m against BR180.3m returned, a net loss of BR145m. Foggo Entertainment, which holds the Blaze brand rights in Brazil, said it doesn't comment on ongoing proceedings. National outlets report that Tomaz and Bolsonaro are named in the same Supreme Federal Court case on alleged social security fraud, while Bolsonaro's campaign says the senator is not under investigation. Recently, Tomaz appeared in another dispute: Loterj, Rio de Janeiro's state lottery regulator, is pursuing legal action to recover millions of reais it says payment processor Rio Pag owes. Tomaz claims he is only the company's lawyer and denies any ownership or management role. Court documents reportedly contain exchanges between Willer Tomaz and the Blaze concierge responsible for his account, in which the two discussed practices prohibited under Brazil's federal online betting regulations. Good to know A betting holding company owned by Tomaz also paid for Bolsonaro's 2025 flights between Portugal and France, which the candidate attributes to a personal friendship

Global Gaming Insider
Sep 8th, 2026
Prosecutors sue Virginia Fonseca, seek $23.5m over betting ads.

Prosecutors sue Virginia Fonseca, seek $23.5m over betting ads. Brazil's District Federal Prosecutor's Office has filed another civil lawsuit against influencer Virginia Fonseca, alleging her posts misled followers into betting through deceptive advertising. Key Points MPDFT filed another civil public lawsuit against Fonseca and Blaze, seeking at least BR120m in collective moral damages Prosecutor Paulo Roberto Binicheski described Fonseca as the "operational arm" of the operator's user acquisition strategy Brazil's Public Prosecutor's Office for the Federal District (MPDFT) filed one more civil public lawsuit against influencer Virginia Fonseca, Brazil's biggest influencer in numbers. The lawsuit was filed at the Federal District Court of Justice, seeking collective moral damages over gambling advertisements. The lawsuit names both Fonseca and betting operator Blaze, requesting a minimum of BR120m ($23.5m) in reparations. Prosecutor Paulo Roberto Binicheski, who signed the filing, described Fonseca as the "operational arm" of the betting operator's user acquisition strategy, accusing her of "executing the misleading message and inducing betting." The filing detailed how the influencer's posts shaped follower behavior, emphasizing influencers' responsibility toward consumers. "By recommending products and services, influencers induce the public to adopt behaviors aligned with the lifestyle they promote. This credibility turns recommendations into genuine seals of approval, creating a legitimate expectation among consumers," Binicheski said. "The influencer's endorsement goes beyond mere opinion, providing an implicit guarantee of quality grounded in the trust built with their audience." The filing requests urgent injunctive relief ordering the immediate removal of advertisements promising unrealistic profits or containing disguised advertising. Prosecutors calculated the requested damages based on the reach of Fonseca's posts, requesting the funds be directed toward social and mental health programs. Recently, in July, the MPDFT also requested the advertising contracts signed between Blaze, footballer Neymar Jr and Fonseca, as part of an ongoing civil investigation into the operator's marketing practices. Turns out the influencer was accused of profiting over bettor's losses. Good to know Born in the United States and raised in Brazil, Fonseca gained massive popularity through her lifestyle and beauty content on YouTube and Instagram, where she has over 50 million followers Reaction Board

Global Gaming Insider
Sep 1st, 2026
SPA fines Pixbet $156,885.

SPA fines Pixbet $156,885. Brazil's Secretariat of Prizes and Bets has fined Pixbet BR814,567.44 ($156,885) after the operator couldn't be located at its registered address, giving the company 10 days to pay or appeal. Key Points SPA published a citation notice fining Pixbet BR814,567.4 Pixbet has 10 days from publication to pay the fine or file an appeal via Brazil's electronic filing system Brazil's Secretariat of Prizes and Bets (SPA) has published a citation notice in the Federal Official Gazette announcing a fine of BR814,567.44 against Pixbet. The notice states the company could not be located at the address registered with the SPA's Sanctioning Action Subsecretariat (SAS). The penalty is based on article 41, item III of Law 14,790/2023. The amount must be paid into Brazil's National Treasury Single Account through the PagTesouro portal, using the SPA's revenue collection details. Pixbet has 10 days from the notice's publication to pay the fine or file an appeal, with either the appeal or proof of payment submitted electronically through Brazil's Electronic Information System. If the company neither appeals nor pays within the deadline, the debt will be registered as Federal Active Debt, a formal designation that allows the Federal Government to pursue collection through legal enforcement, including asset seizure. Recently, Pixbet has faced a string of separate regulatory actions, including an order to suspend its betting platforms nationwide after a court found its age verification systems failed to adequately prevent minors from accessing its services. The SPA separately fined Blaze BR2.3m ($451,000) over advertising material featuring children and adolescents and targeting audiences under 18. Separately, Brazil's Government expects its new Selective Tax to generate BR41.9bn in 2027, with betting set to become one of the activities subject to the levy once it takes effect next year. Good to know Pixbet was also among the 14 sites suspended by SPA for failing to comply with responsible gambling and reporting requirements Reaction Board

BNLData
Aug 22nd, 2026
Virginia Fonseca ends partnership with Blaze after action by the MPDFT (Public Prosecutor's Office of the Federal District).

Virginia Fonseca ends partnership with Blaze after action by the MPDFT (Public Prosecutor's Office of the Federal District). Bets I 21.08.26 By: Magno José VF Digital announced the termination of its commercial relationship with the betting platform this Friday (21), after a lawsuit questioned abusive advertising. VF Digital, the agency of influencer Virginia Fonseca, has ended its commercial partnership with the betting platform Blaze. The announcement was made this Friday (August 21st) and comes after the Public Prosecutor's Office of the Federal District and Territories (MPDFT) filed a lawsuit against the influencer and the company. According to G1, the public civil action filed by the MPDFT (Public Prosecutor's Office of the Federal District) questions practices related to the advertising of betting sites disseminated by Virginia on her social media. The case is still ongoing in court. In a statement, VF Digital confirmed the termination of the partnership: "VF Digital announces the end of Virginia Fonseca's commercial partnership with Blaze. The decision was formalized in accordance with the terms applicable to the contractual relationship, concluding this cycle in a regular manner." Action by the Public Prosecutor's Office The MPDFT (Public Prosecutor's Office of the Federal District) filed the lawsuit in July. In the action, the agency points to possible abusive practices in the way content related to betting was presented to the influencer's followers. Virginia's press office and legal team were contacted for comment regarding the termination of the partnership, but had not responded by the time of the last update to this report.

BNLData
Jul 27th, 2026
Brazil's Ministry of Finance fines 73 online betting companies, totaling R$ 11 million.

Brazil's Ministry of Finance fines 73 online betting companies, totaling R$ 11 million. By: Magno Jose The Ministry of Finance has opened more than one hundred administrative proceedings against online betting companies since 2025, when the regulated betting market began operating in Brazil. The infractions affected 73 of the 85 companies authorized to operate, according to data obtained through the Access to Information Law in June and revealed by Folha de S.Paulo. The sanctions resulted from approximately 200 tax audits. Of the penalties already concluded, 39 cases have reached a final judgment: 32 ended in warnings and 7 in fines. The total amount of penalties applied by the Ministry of Finance is almost R$ 11 million. Fines below the legal potential. The disproportion between the penalties applied and the legal limit is significant. The maximum limit stipulated by law reaches R$ 2 billion per infraction, with sanctions ranging from 0,1% to 20% of the company's revenue. In cases where a fine was imposed, the figure was below 0,5% of the target's revenue. Blaze received its most recent penalty; on Monday (July 27th), the company was fined for advertising with minors. The R$ 2,3 million fine represented 0,2% of Foggo Entertainment's R$ 1,1 billion revenue, the brand's operator in Brazil, after deducting taxes, social contributions, and bonus costs. In addition to this case, ten more fines are still awaiting the outcome of appeals. Blaze was an exception in receiving a financial penalty despite being a first-time offender. The seriousness of the case, involving the rights of children and adolescents, motivated the punishment, according to the assessment of the acting Undersecretary for Sanctioning Action, Vanessa Meireles Barreto. Foggo Entertainment stated that it does not comment on ongoing legal proceedings. Why do warnings predominate? The high number of warnings is explained by the regulatory structure. Because the sector is recent, most companies benefit from the mitigating factor of being a first-time offender. In administrative terms, a company is only considered a repeat offender if it commits the same infraction again for which it has already been punished, a principle known as "bis in idem," according to lawyer André Santa Ritta, partner at the Pinheiro Neto law firm. For first-time offenders, the rule is a warning, except when the infraction is extremely serious. Current and former employees of the Prizes and Betting Secretariat (SPA), speaking on condition of anonymity, point to this mechanism as a possible explanation for the volume of warnings. A single company can accumulate ten different infractions and have its clean record considered in its favor in each one. The most severe sanction foreseen, the revocation of the license, has never been applied. The ordinance that regulates administrative processes against betting companies provides for this punishment, which implies the loss of an authorization costing R$ 30 million. The only case of suspension, against Pixbet, was revoked after the company regularized its registration on the Consumidor.gov.br platform. Legal disputes and anticipated changes Administrative processes have also migrated to the Judiciary. Pixbet obtained an injunction in the Federal Court in Brasília to suspend the effects of an act by the SPA (Sociedade de Apoio ao Investimento - Investment Support Service) that had blocked its operating authorization due to non-compliance with the deadline for submitting documents. The defense, represented by lawyer Nelson Wilians, alleged a lack of clarity in the rules regarding the starting point for counting the 90-day period. The Federal Court considered the sanction disproportionate and allowed the site to operate. USP administrative law professor Fernando Menezes emphasizes that the procedural rules are determined by Law No. 9.784 of 1999. "The legislation does not exclude regulatory agencies from having special laws, with their own procedural dynamics, that prevail over the general law," states Menezes. The appeals stage can extend up to 150 days, according to the general law of federal administrative procedures. According to Luã Cruz, director of the digital rights organization Ctrl+Z, taking the risk of committing minor infractions to preserve revenue is a recurring calculation in regulated markets. "The financial and telecommunications sectors, for example, are repeatedly condemned for improper charges, tied selling, and unsolicited fees," says Cruz. The Treasury Department reported that improvements to monitoring and sanctioning procedures are planned for the fourth quarter of 2026. Among the department's priorities is "establishing means for repairing damages caused to bettors."

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