Brazil orders banks to return R$1.325bn in betting account balances
Brazil’s Secretariat of Prizes and Betting said R$1.325 billion remained in betting accounts belonging to about 26.5 million customers after the voluntary withdrawal deadline passed on 5 October. Banks are due to return the balances from 9 to 14 October; amounts that cannot be transferred will go to Caixa Econômica Federal from 14 October for payment. The report also said authorities had requested blocks on 13,241 illegal betting sites between 25 September and 6 October.
Operators and banks must complete customer repayments under the closure timetable, while illegal-market enforcement continues.