Brazil's betting operators face a series of post-closure requirements as the Government oversees the end of their authorizations.
The new rules, published by the Secretariat of Prizes and Betting, include reporting remaining bettor balances and settling outstanding financial and regulatory obligations.
Under the new rules, companies must submit final account balances and the funds held in transaction accounts used for betting through the Betting Management System. The information must reflect balances recorded at 23:59 on October 5 and be submitted to the Secretariat by October 7.
Operators must report the companies and brands involved, the financial institutions responsible for the accounts, bettors' individual taxpayer numbers and dates of birth, the amounts to be returned and the banking details needed to process repayments.
They must also report when they gave financial institutions the information required to make the payments.
December 15, 2026 is the deadline for companies to regularize their remaining financial and regulatory obligations connected to their period of operation and the transition following the end of their authorisations.
The closure of an authorization does not remove an operator's responsibility for obligations incurred while it was operating. Authorities can still identify and pursue outstanding liabilities after the transition process has been completed.
Companies must also keep their registration and contact information up to date. Changes involving a legal representative, address, telephone number or official email must be reported to the Secretariat within 48 hours.
Each operator must also appoint a legal representative to oversee outstanding obligations until they have been fully regularized.
Recently, 36 of the 188 previously authorized brands started carrying out layoffs.
Brazil has requested the blocking of 13,241 illegal betting sites since the ban
