Reidopitaco
1 known investors
Brazilian daily fantasy sports operator turned licensed online sportsbook and iGaming platform, founded in 2019.
Also known as Rei do Pitaco · Rei do Pitaco (RDP)
Investors · 1
Company profile
researched Aug 2026Rei do Pitaco is a Brazilian online sports betting, iGaming and daily fantasy sports operator founded in 2019 and based in Brazil. It first launched as a daily fantasy sports mobile app allowing fans to compete in single-round fantasy contests covering major football leagues, and grew into what the company describes as the largest daily fantasy game platform in Latin America, with millions of registered customers.
In January 2025 the company received a definitive license from the Secretariat of Prizes and Betting (SPA) of Brazil's Ministry of Finance, one of 14 definitive licenses awarded among 114 applicants. Following the license, Rei do Pitaco shifted its focus toward an online sportsbook and iGaming platform that combines sports betting, localized casino games and its existing fantasy sports contests. The platform is developed in-house and includes coverage of Brazilian sports markets, personalized recommendations based on local preferences, and VIP and rewards programs.
Founding story
Rei do Pitaco was founded in Brazil in 2019 by a team including co-founder and CEO Kiko Augusto and co-founder Mateus Dantas, initially building a daily fantasy sports mobile app for Brazilian football fans.
Business model
Rei do Pitaco operates a consumer-facing online platform in Brazil, originally offering paid daily fantasy sports contests and, following licensing in 2025, sports betting and online casino gaming. Its platform and entertainment hub are built in-house rather than licensed from third-party suppliers.
Revenue derives from consumer participation in paid daily fantasy sports contests and, since 2025, from licensed online sports betting and casino gaming on its own platform.
Traction
The company reported millions of registered customers on its daily fantasy sports platform, which it described as the largest such platform in Latin America, and stated that Brazil's regulated sports betting market is projected to exceed $10 billion annually with total addressable market growth of 40% or more per year.
Latest developments
In January 2025 Rei do Pitaco announced it had earned a definitive license from Brazil's SPA to operate online sports betting and gaming, and that its licensed sportsbook and iGaming platform had been available to users since the beginning of that month, as Brazil's regulated sports betting industry began formal operations.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
The company describes itself as a well-recognized Brazilian brand and, prior to its pivot, one of Brazil's pre-eminent daily fantasy sports operators and the dominant platform in that segment in Latin America. Its investor Bullpen Capital categorizes it as a consumer gaming company and described it as the first trustworthy Brazilian daily fantasy sports mobile app.
The company positions itself as a domestically built operator, stating that its technology is developed in Brazil by Brazilians, in contrast to international iGaming platforms operating in the market. It also emphasizes that it declined to build an offshore betting operation and instead pursued licensing under Brazil's regulatory framework, and describes deep coverage of Brazilian sports markets and localized casino content.
Technology
Rei do Pitaco's entertainment hub, sportsbook and casino offering are built entirely in-house, with localized casino games, personalized recommendations based on local user preferences, and coverage of Brazilian sports markets delivered through a mobile app and online platform.
Go-to-market
Rei do Pitaco markets a consumer mobile and online platform directly to Brazilian sports fans, converting its existing fantasy sports user base into customers for its licensed sportsbook and casino offering, and using VIP and rewards programs to retain users.
Brazilian sports fans, including the company's existing base of millions of registered fantasy sports customers and the broader Brazilian betting and online casino audience.
Geography
The company operates in Brazil, with its press communications issued from São Paulo, and previously described its fantasy platform as the largest of its kind in Latin America.
History
The company was founded in Brazil in 2019 and built a daily fantasy sports platform for football and other major leagues, described in 2025 as the largest daily fantasy game platform in Latin America with millions of registered customers. Bullpen Capital invested in the company in 2021 through its Fund V. In January 2025, the company obtained a definitive license from Brazil's Secretariat of Prizes and Betting and pivoted to operate as a regulated online sportsbook and iGaming operator alongside its fantasy sports product.
Risks & controversies
The company's business depends on Brazil's newly regulated betting framework and on maintaining its SPA license; its January 2025 pivot places it in competition with numerous other licensed operators, including international iGaming platforms, in a market where 14 definitive and 52 provisional licenses were issued in the initial round.
Compiled by commissioned research from 5 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 2
launches, deals, and filingsRei do Pitaco received a definitive license from the Secretariat of Prizes and Betting (SPA) of Brazil's Ministry of Finance to operate sports betting and online gaming. Of 114 applicant companies, 14 received definitive licenses and 52 received provisional licenses.
The company's online sportsbook and iGaming platform became licensed and available to users at the beginning of January 2025, marking a pivot from its original daily fantasy sports focus. The entertainment hub, built in-house, combines sports betting, localized casino games and its existing fantasy sports product.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 5
primary sources listed
- reidopitaco.com 🍀️ - PPlataforma de apostas de topo - reidopitacoreidopitacoapp.com · web
5 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Reidopitaco do?
- Brazilian daily fantasy sports operator turned licensed online sportsbook and iGaming platform, founded in 2019.
- Who are Reidopitaco's investors?
- Reidopitaco's investors include Bullpen Capital.