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Brazil’s SPA sets rules for R$5m betting reserve withdrawals

Regulation

Brazil’s Secretariat of Prizes and Betting (SPA) issued rules on 10 November for operators affected by the betting suspension to access the R$5m reserve required under a 2024 ordinance. Operators may use it only to repay bettors, with SPA approval; they must document unpaid balances, and cannot use the funds for operating or closure costs.

The rules set conditions for operators seeking reserve funds to meet outstanding customer repayment obligations.

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Regulation

Brazil’s SPA opens SINAPO accession process for states

Brazil’s Secretariat of Prizes and Betting opened the process for states and the Federal District to join SINAPO, the ministry said. Applicants must sign an accession term and nominate primary and alternate representatives; the forum’s meetings are expected to take place four times a year and its outcomes will not be binding.

Brazil’s SPA has opened the process for states and the Federal District to join SINAPO, a forum for coordinating lottery and betting regulation.

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