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Brazilian committee approves revised Timemania prize distribution rules

Regulation

Brazil’s Chamber of Deputies Finance and Taxation Committee approved a bill on 28 May to change how Timemania lottery proceeds are divided among participating clubs. The proposal would allocate half equally and retain bettor-directed distribution for the other half, with club enrolment reopening every two years; it now goes to the Chamber’s Constitution and Justice Committee.

The proposed allocation would change how participating clubs receive proceeds from Brazil’s Timemania lottery.

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Brazil’s SPA warns consumers against paying fees to recover betting balances

Brazil’s Secretariat of Prizes and Betting said consumers should not pay fees or share personal or banking details in response to messages seeking payment to release betting balances. The SPA said it had received no report about the specific fraud but confirmed that Caixa Econômica Federal would handle refunds and that payment methods used by fraudsters were under investigation.

Brazil's Secretariat of Prizes and Betting (SPA) has told consumers not to pay fees or provide personal or banking details in response to messages demanding payment to release betting balances, the regulator said. The SPA said it had not received reports about the specific fraud, but reiterated that no fee is foreseen for the return of funds to bettors. The return of remaining balances will be handled exclusively by Caixa Econômica Federal, according to the secretariat.

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