Brazil bans online gambling; bettors to receive refunds
The Brazilian government announced on Friday (Sep. 25) a provisional measure prohibiting the operation, offering, brokering, and advertising of online betting and gaming platforms in Brazil, commonly known as “bets.” As of the measure’s publication, platforms are barred from accepting new bets. It establishes a transition period for authorized companies to wind down their operations. Notícias…
Brazil's government has enacted a temporary ban on online gambling, including betting and gaming platforms, effective immediately. Betting websites and apps must be shut down as of October 6. Companies will have until October 5 to refund bettors' funds, with refunds issued by banks between October 9 and 14. Enforcement will focus on identifying and shutting down illegal platforms, freezing improper bank accounts, and sharing information among government agencies.
President Luiz Inácio Lula da Silva, in signing the measure, called online betting a "cancer" that must be eliminated, likening gambling addiction to crack cocaine use and expressing concern for families devastated by debt and suicide. The ban is aimed at protecting vulnerable individuals and households from financial ruin.
Written by urgent.news from Agencia Brasil's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
