Compliance & Regulation9 min read
The provisional measure that banned the bets also wipes out state licences — and puts the banks in charge of refunds
Medida Provisória No. 1,394, published on the night of 25 September, terminates federal and state fixed-odds betting authorisations within thirty days, with no refund of the grant fee. Bettors' balances go back by CPF, through the financial institutions. And part of what was announced during the day is not in the text.
