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Brazil’s Monetary Council sets 24-hour deadline to block illegal betting accounts

Regulation

Brazil’s National Monetary Council approved Resolution 5,320, requiring financial and payment institutions to block accounts identified in notices from the Finance Ministry’s Secretariat of Prizes and Bets within 24 hours. The rules also require institutions to reject transactions intended for betting through those accounts and take effect on 28 August 2026; accounts may be released following a final administrative decision in favour of their holders.

Banks and payment firms face a defined deadline and new account and transaction controls for unauthorised fixed-odds betting operators.

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Regulation

Brazilian government sets deadline to withdraw betting account balances

Brazil’s government said customers had until 23h59 on 5 October to withdraw money from betting platforms before sites and apps stop operating from 6 October under Provisional Measure No. 1,394/2026. The Finance Ministry reported that R$1.33 billion remained in accounts; banks are scheduled to return unclaimed balances from 9 to 14 October, with unresolved cases transferred to Caixa from 14 October.

Customers with money in Brazilian betting accounts had until 23h59 on 5 October to request a withdrawal, the last day for voluntary redemption before platforms stop operating. From 6 October, sites and apps cease operations under the implementation schedule of Provisional Measure No. 1,394/2026, which prohibited the exploitation, offering, intermediation and advertising of fixed-odds betting in the country.

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