To increase bettors’ protection, the Prizes and Betting Secretariat (SPA) of the Brazilian Ministry of Finance published this Tuesday (26) a new ordinance for the migration of bettors’ values and data. This is another step towards the start of the regulated market on January 1st, 2025.
Ordinance SPA/MF No. 1,857, of November 25th, 2024, aims to regulate the transfer of resources and data of bettors who are using betting sites in the current transition period, which will end at the end of this year, to sites that will be authorised by the Ministry of Finance starting on January 1st.
Currently, some of the betting sites belong to companies located abroad. Next year, only electronic addresses with the extension “.bet.br” – which will be exclusively from authorised companies and, therefore, headquartered in Brazil – will be able to operate legally in the country.
This transfer will depend on the bettors’ authorisation. According to rules determined by the Ministry of Finance, they must register a second time at the new electronic address. This includes registering facial biometrics and a checking account, from which the funds for betting will be withdrawn and to which the prizes will be sent.
If the bettor does not accept the transfer of his/her funds or the company that owns the website does not obtain authorisation, the bettor’s funds must be returned to him/her by December 31st. In the case of bets that are still open, bettors may cancel the bets with a full refund of the amount bet, or they may keep the bet, which will be held by the authorised company.
In any case, bettors’ data will be protected following the General Data Protection Law (LGPD) and Ordinance No. 722/2024.
Companies carrying out the migration must present, by December 13th, the list of participating bettors.
This standardized migration process fosters a secure and transparent environment for the launch of the regulated betting market in Brazil. By establishing clear guidelines for player data transfer and financial transactions, the SPA/MF empowers operators and bettors to navigate the transition confidently.
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