Brazilian deputy proposes repayment of bettors’ net losses
Federal deputy Ricardo Abrão introduced a bill proposing that Brazil’s fixed-odds betting operators repay customers’ net losses as well as outstanding balances and winnings. The proposal would also cover cases including unpaid prizes, unauthorised transactions and bets by users under restrictions or self-exclusion. Operators would have to provide transaction statements within 10 working days, with qualifying repayments due within 10 working days after assessment.
The proposal would add customer-loss repayments and disclosure duties to operators’ existing obligations under the bill.