Brazilian banks begin refunding R$1.325bn after betting platform closures
Regulation · SectorWire deskSource published Published
Summary
Brazilian banks and financial institutions have begun returning R$1.325bn held in bettors’ accounts following platform closures. The report links the affected online betting platforms to PM No. 1,394/2026.
Why it matters
Banks have begun returning customer balances held following betting platform closures, addressing funds left in affected accounts.
Cite as: SectorWire, “Brazilian banks begin refunding R$1.325bn after betting platform closures”, 12 October 2026, https://sectorwire.news/item/brazilian-banks-begin-refunding-r-1-325bn-after-betting-platform-closu/