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Home / Brazil / πŸ‡§πŸ‡· Brazil: the government has announced the suspension of betting platforms – operators must allow balance withdrawals until October 5
Brazil

πŸ‡§πŸ‡· Brazil: the government has announced the suspension of betting platforms – operators must allow balance withdrawals until October 5

πŸ‡§πŸ‡· Brazil: the government has announced the suspension of betting platforms – operators must allow balance withdrawals until October 5

Deposits on the platforms have been banned since this Friday, following the publication of an order by President Lula da Silva's government.

πŸ’§ Until 23:59 on October 5, operators must let players withdraw their money voluntarily.

πŸ’§ From 0:00 on October 6, websites and apps must go offline: they can no longer accept bets or run advertising.

πŸ’§ On October 7–8, platforms are required to transfer remaining balances to banks, broken down by CPF, i.e. the individual taxpayer number.

πŸ’§ From October 1 to 14, banks must return the money to players. If a bank runs into a technical/operational block, Caixa EconΓ΄mica Federal steps in from October 14.

πŸ’§ Money that is not withdrawn or returned within 180 days will go to a special Caixa account.

#Brazil #news #gambling

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