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[BUSINESS] · Brazil · 10 sources

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Part of situation: Brazil bans online betting and virtual casinos (139 clusters)

Brazil online betting ban: deadline for fund withdrawals ends Monday

online betting ban Provisional Measure 1394 Brazil gambling regulation financial refunds Lula administration

The deadline for users to voluntarily withdraw funds from online betting platforms in Brazil ends at 23:59 on Monday, October 5. This follows the implementation of Provisional Measure 1,394, signed by President Luiz Inácio Lula da Silva, which prohibits the operation, advertising, and intermediation of online betting and virtual games.

Starting at 0:00 on Tuesday, October 6, internet providers, app stores, and the Brazilian Internet Steering Committee (CGI.br) will block access to betting websites and applications. Users attempting to access these sites will be redirected to a page providing instructions on fund recovery.

For those who do not withdraw their balances by the deadline, a mandatory refund process will occur. Between October 7 and 8, betting companies must report remaining balances, linked to individual CPFs, to participating banks. Banks are then scheduled to return the funds to users between October 9 and October 14. If any issues arise during this period, Caixa Econômica Federal will step in to mediate the returns starting October 14.

Additionally, all betting-related advertising and marketing, including sports sponsorships, must be removed by the end of Monday. The measure aims to combat household indebtedness, following a significant reduction in daily transaction volumes, which previously averaged R$ 600 million per day.

Entities

Brazil · CGI.br · Caixa Econômica Federal · Darío Durigan · Luiz Inácio Lula da Silva · Ministry of Finance · Receita Federal

Claims

What the coverage asserts, and how many sources carry each claim.

Sources

Apostadores têm até esta segunda-feira para retirar dinheiro das bets [aranasfm.com.br]
Termina hoje prazo para sacar dinheiro das bets [www.brasilemfolhas.com.br]
Prazo para sacar saldo de apostas online termina nesta segunda – Imprensa Pública [imprensapublica.com.br]
Movimentação das bets cai R$ 652 milhões por dia após proibição - Jornal gratuito com circulação na Grande Curitiba e Litoral [leiaecocentral.com.br]
Bets: Prazo para sacar dinheiro nas bets termina hoje Apostadores têm até 23h59 desta segunda-feira (5) para retirar valores das plataformas antes do bloqueio [portalterradaluz.com.br]
Hoje é o último dia para sacar o dinheiro das bets - Correio de Carajás [correiodecarajas.com.br]
Bets: prazo para sacar hoje e regras da MP [revistaempreende.com.br]
Prazo para resgate em bets legais acaba nesta segunda [www.spacemoney.com.br]
Prazo para retirar dinheiro das bets termina hoje: o que acontece com quem não sacar? [exame.com]
Proibição das apostas afeta plataformas e reduz fluxo diário em R$ 652 milhões [ohoje.com]