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Febralot urges Brazil to reverse suspension of BetCaixa project

Regulation

Brazilian lottery companies’ federation Febralot criticised the federal government’s suspension of the BetCaixa project and urged the president to reconsider. Febralot said the suspension could limit Caixa Econômica Federal’s entry into fixed-odds betting and increase illegal-market activity; the report also reports that Caixa Loterias had received authorisation from the Secretariat of Prizes and Betting.

The dispute concerns the status of a planned state-backed betting service and its authorisation in Brazil.

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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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