Brazil Sets December Deadline for Betting Operators

By Jovana Vukovic

Brazil’s Secretariat of Prizes and Betting (SPA), part of the Ministry of Finance, has introduced new requirements for companies whose betting authorizations have ended. Ordinance No. 3,005/2026, published on October 2, 2026, establishes deadlines for returning customers’ remaining funds and settling liabilities from their operating period.

The rules form part of the process for closing down affected operations. Companies must submit account information through the Betting Management System (Sigap) and continue meeting outstanding responsibilities after their authorizations have ended.

Operators Must Report Remaining Customer Funds

The first requirement concerns money still held in bettors’ accounts and transactional accounts used to manage betting funds. Operators must report the final balances to the SPA, using figures recorded at 11:59 p.m. on October 5. The submission deadline is October 7.

The required information covers the companies involved and the brands they used, along with the financial institutions holding the relevant accounts. Operators must also provide each bettor’s CPF, Brazil’s individual taxpayer identification number, and date of birth.

Submissions must specify the amount due to each customer and include the banking details needed to process the repayment. Companies are also required to tell the Secretariat when they sent the necessary payment information to financial institutions.

These disclosures give the authorities details needed to oversee the return of outstanding funds as operators exit the authorized market.

December 15 Deadline for Outstanding Liabilities

Ordinance No. 3,005/2026 sets December 15, 2026, as the deadline for companies to regularize financial and regulatory obligations connected to their period of authorized operation. Operators must also observe any specific deadlines established by the Secretariat.

The end of an authorization does not release a company from liabilities incurred while it was active. The SPA and other competent authorities may identify and pursue outstanding obligations even after the closure process has been completed.

Each company must therefore continue monitoring its remaining responsibilities until they have been fully settled. The rules require every operator to appoint a legal representative who will oversee compliance with outstanding obligations.

Registration Details Must Remain Current

Former operators must also maintain accurate registration and contact information with the Secretariat. Any change involving a legal representative’s details, the company address, telephone number or official email address must be reported within 48 hours.

These requirements ensure that the authorities retain updated contact details while companies complete the financial and administrative steps associated with the end of their authorizations.

The new rules arrive as Brazil’s betting market undergoes a broader transition. A separate report stated that 36 of the 188 previously authorized brands had begun carrying out layoffs. Authorities have also requested the blocking of 13,241 illegal betting websites since the ban, according to the supplied information.

The measures outlined in the ordinance focus on obligations left by departing operators, particularly the return of customer balances and the settlement of liabilities. Companies must meet the specified reporting deadlines while remaining accountable for obligations arising during their authorized activity.

Source:

“The Prizes and Betting Secretariat regulates the obligations of companies after the ban on betting”, gov.br, October 5, 2026