If you're interested in online betting, you've probably heard that the market is undergoing major changes in Brazil. Things are no longer the same as they used to be, and the new SPA/MF Ordinance No. 1.475/2024 has arrived to further disrupt this scenario. But what exactly has changed? How can these new rules affect the way you have fun and move your finances in the world of betting? We'll break it all down for you in this post!

What does the new Ordinance have to do with your betting?

To begin with, Ordinance SPA/MF No. 1.475/2024 brings stricter regulations to the online betting sector in Brazil. The aim? To ensure that the market operates transparently and safely. As a result, companies that have not applied for a licence are no longer allowed to operate in Brazil.

In line with these changes, we have updated our list of partner sites, and we will only maintain commercial relations with those that, to date, are able and adhere to the requirements demanded by the regulations.

These regulations seek to make the market more reliable, preventing fraud and promoting a safer environment for both punters and platforms. But, of course, these changes can take many people by surprise, especially those who have balances on sites that no longer work. And that's where Pay4Fun comes in to help you understand and deal with these new features.

What to do if the site you use has gone down?

Now let's get down to business: what should you do if the site you use has stopped operating in Brazil? If you still have a balance there, we suggest you withdraw your money as soon as possible. The deadline for this is 10 October. After that date, it can be very difficult to get your balance back, as transactions through these platforms will be blocked.

A good practice is to always follow the list of partner sites that continue to operate with Pay4Fun. This way, you'll be kept up to date on where you can still place your bets and move your money without any problems.

Understand the changes in the betting market in Brazil

If you follow the online betting scene, you may already know that Brazil has one of the most promising markets in the world, but for a long time it operated without clear regulations. This changed with Law 14.790/23, also known as the Sports Betting Law, which laid the foundations for regulating this sector. Based on this law, the Brazilian government began to structure rules for the operation of online betting, with a focus on guaranteeing transparency, security and responsibility. 

SPA/MF Ordinance 1.475/2024 is a direct consequence of this legislation. While Law 14.790 created the foundation for the new market, the ordinance came to speed up the application of a specific measure: the blocking of sites that have not applied for a licence to operate in Brazil. In other words, if a platform has not applied for authorisation to continue operating in the country, it has had its operations shut down.

With these new rules, the government is seeking to prevent fraud, protect users and promote a safer environment for everyone. And even though these changes may have an initial impact, in the long term they are essential for a more organised and reliable betting market.

How can Pay4Fun help you with this transition?

As the changes can leave many people confused, Pay4Fun is here to make sure you're not left in the lurch. As well as offering 24/7 support, we are constantly updating our list of partner sites that continue to function normally in Brazil.

So if you realise that the site where you place your bets has gone down, don't despair! Take a look at Pay4Fun's list of partners and see where you can still bet and have fun. After all, with these changes, there's nothing better than having platforms that comply with the new rules and continue to operate in complete safety.

Tips to keep betting with peace of mind

Here are some tips to help you stay in the game without stress:

• Keep an eye on the changes: The market is changing fast, so follow Pay4Fun's updates to find out which sites are still operating and offering security;
• Withdraw your balance on time: If the site where you bet is not on our list of partner sites, remember to withdraw your money by the deadline of 10 October 2024;
• Bet on reliable sites: Always choose platforms that comply with the new regulations. This will guarantee you a safer and more headache-free experience.

Want to know where to keep betting with Pay4Fun? Check out our list of partner sites and stay in the game!