On April 18, 2024, the Brazilian Secretariat of Prizes and Betting of the Ministry of Finance (SPA/MF) published Normative Ordinance SPA/MF No. 615, with the general rules to be observed in payment transactions carried out by betting operators. Among these rules, there are several restrictions for the sector. The prohibitions established in this Ordinance are as follows:
See the main points of the restrictions on financial transactions in the brazilian betting:
- Accepting financial contributions in cash.
- Accepting financial contributions through payment slips.
- Accepting financial contributions by check.
- Accepting financial contributions through virtual assets or other types of crypto assets.
- Accepting payments or transfers from an account that has not been previously registered by the
bettor. - Accepting payments or transfers from third parties.
- Accepting payments or transfers through credit cards or any other post-payment instruments.
- Using any other electronic transfer alternative not provided for in the Ordinance.
- Allowing bets to be placed without prior settlement of the electronic financial contribution transfer.
- Providing advances, anticipations, bonuses, or prior advantages for placing bets.
- Entering into partnerships, agreements, contracts, or any other arrangement to enable or facilitate access to credit or merchant funding operations by bettors.
- Promoting or allowing access, through physical establishments or electronic channels, to individuals or legal entities that provide credit or carry out merchant funding operations for bettors.
- Restricting the withdrawal of available financial balance from bettors.
- Promising or granting compensation on the amounts held by bettors in their graphic accounts.
- Using the resources of bettors held in transactional accounts to cover prizes or other expenses of the operator, except in specific cases provided for in the Ordinance.
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