It was founded in 1915, and is in charge of the senior Uruguayan national basketball team and the Liga Uruguaya de Básquetbol (LUB).

Basketball languished in Uruguay under the effects of Association football's popularity; at the 1936 Olympic Games, however, the Uruguayan National basketball team obtained a sixth place, which helped boost the sport's popularity in the Latin American country.

After, the Uruguayan Basketball team won two bronze medals, in the olympic games of Helsinki 1952 and Melbourne 1956, both times after USA and USSR.

Basketball has, however, enjoyed steady popularity in the country, a fact which has helped the Federación Uruguaya de Básquetbol in Spanish) to survive for more than 90 years.

After the 2005 season, the "FUBB" announced that Uruguayan police had become considered an important ally in order to prevent violence among fans during or after professional basketball games in Uruguay.