Expanse Studios Secures Game Certification for Brazil's Booming iGaming Market

Expanse Studios, a subsidiary of Golden Matrix Group Inc., has secured game certification for the Brazilian iGaming market, marking a strategic entry into one of the world's most promising gaming territories. The certification, issued by Gaming Laboratories International, covers the company's proprietary crash game 'Super Heli' and authorizes its distribution in Brazil's newly regulated market.

The certification is significant given Brazil's projected iGaming and sports betting market value, estimated to exceed USD 9 billion by 2029. By obtaining regulatory approval, Expanse Studios gains a critical pathway to participate in this lucrative market, expanding its international footprint beyond its successful social casino presence in the United States.

The game 'Super Heli' offers players a high-stakes betting experience with a return-to-player rate ranging from 85.90% to 97.00% and a maximum win potential of 10,000x. This certification is part of a broader strategy by Golden Matrix Group, which recently secured a nationwide betting license through its subsidiary Meridianbet.

CEO Damjan Stamenkovic emphasized the strategic importance of this milestone, noting that the certification represents a significant step in the company's global expansion efforts. The dual advancement in both business-to-consumer (Meridianbet) and business-to-business (Expanse Studios) segments demonstrates a comprehensive approach to entering the Brazilian market.

As Brazil continues to develop its regulatory framework for online gaming, Expanse Studios' early certification positions the company to potentially capture a substantial market share in this emerging gaming landscape.