Brazil Bans Online Betting via Provisional Measure
Lula government orders immediate deposit halt and sets October 6 shutdown for sports betting and online casinos.
KEY POINTS
- Provisional measure bans sports betting and online casinos effective immediately
- Deposits and new advertising contracts prohibited as of publication
- Bettors must withdraw funds by October 5; sites go offline October 6
- Platforms must return remaining balances October 9-14; Caixa mediates after October 14
- Government to criminalize operations with 4-6 year prison sentences
President Luiz Inácio Lula da Silva's government announced a provisional measure on Friday banning sports betting and online casinos in Brazil. The measure takes immediate effect, prohibiting new deposits and advertising contracts for betting platforms.
Finance Minister Dario Durigan stated that bettors have until 23:59 on October 5 to withdraw funds from their accounts. Betting sites and apps must be taken offline starting October 6.
“Starting today, no more money can be deposited into betting sites in the country.”
Companies must report remaining user balances per CPF between October 7 and 8. Platforms are then required to return all outstanding funds to users between October 9 and 14. Caixa Econômica Federal will mediate refunds for cases with restitution difficulties starting October 14.
The government also announced a crackdown on illegal betting markets. Measures include blocking bank transfers to betting-linked CNPJs, freezing accounts used for illegal operations, and creating a task force to share data across agencies. A bill to criminalize betting operations with prison sentences of four to six years will be sent to Congress.
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