Brazil bans sports betting payment methods
Friday 19 de April 2024 / 12:00
⏱ 1 min read
(Brasilia).- The Brazilian government has banned certain payment methods on official and alternative sports betting sites in order to provide greater security to players and "prevent them from getting into debt", according to the Official Gazette.
As of the new regulation, players can transfer money to place their bets, as long as it is from their bank accounts, debit cards or prepaid cards. To do so, they must have their account registered in the system. The measure was adopted by the Ministry of Finance, seeking to alleviate the growing debts and regulate the applications.
From now on, bettors will not be able to pay by credit card, cash or cryptocurrencies, as part of a package of measures taken by the Ministry of Finance. They will be able to do so with money from their bank accounts, debit cards or prepaid cards that have an account registered in the system.
The idea is to start regulating the activities of websites and apps that have a fixed fee, where gamblers try to anticipate the outcome of sporting events.
"Financial contributions will not be accepted through cash, payment vouchers, crypto-assets or any other alternative form of deposit that may make it difficult to identify the origin of the resources," the ministry's statement explains.
At the same time, the Treasury obliges the sites to pay the prizes within a maximum of two hours after the end of the events. In addition, they will have to have a financial reserve of 5 million reais, not counting the proceeds from bets.
Categoría:Legislation
Tags: Sin tags
País: Brazil
Región: South America
Event
PERU GAMING SHOW – PGS 2026
17 de June 2026
ProntoPaga Consolidates Its Position at Peru Gaming Show 2026
(Lima, SoloAzar Exclusive).- Juan Carlos Loza, Head of Sales Latam at ProntoPaga, spoke exclusively after the company's participation in Peru Gaming Show 2026, highlighting the agreements reached, the interest in their payment solutions, and the expansion plans that will drive their growth across Latin America.
Monday 03 Aug 2026 / 12:00
Enhancing Responsible Gaming Through Effective Training at PGS 2026
(Lima, SoloAzar Exclusive) – Training, prevention, and technology took center stage at the "Value of Responsible Gaming in Gambling Operations" conference during the 2026 Perú Gaming Show (PGS). Presented by Fernando Calderón Castro, President of the National Gaming Society (SONAJA), the session brought industry leaders together to tackle current challenges and explore strategies for safer, more transparent, and sustainable operations.
Wednesday 22 Jul 2026 / 12:00
LSports at the Peru Gaming Show: Building Presence, Opening Doors
(Lima, SoloAzar Exclusive).- The Peru Gaming Show was never just about the booth. For LSports, it was about showing up in a market where showing up still matters — and leaving with more than a contact list. Federico Brancato, Sales Manager for the LATAM Region, came to Lima with a clear sense of what operators in this part of Latin America need most right now. What he found confirmed it.
Friday 17 Jul 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
