TLDR Brazil’s licensed fixed-odds betting platforms went offline at 6 p.m. on October 6 under Provisional Measure No. 1,394/2026. About R$1.33 billion remained in accounts linked to 26.5 million taxpayer IDs after the withdrawal deadline passed. Banks will refund the remaining balances automatically from October 9 to 14, with Caixa Econômica Federal stepping in from October 14. The government is investigating 48 accounts holding more than R$500,000 each for possibly suspicious transactions. Industry groups are challenging the ban at the Supreme Federal Court, and Congress must still approve the measure.
Brazil’s licensed fixed-odds betting platforms went offline at 6 p.m. on October 6. The shutdown followed the end of a voluntary withdrawal period set by Provisional Measure No. 1,394/2026.
Bettors had until 11:59 p.m. on October 5 to withdraw their balances. Many did not.
According to the Ministry of Finance, about R$1.33 billion remained in accounts linked to 26.5 million CPFs, Brazil’s individual taxpayer numbers. The government says these funds will not be lost.
When the measure took effect, users held about R$2.1 billion in total. Bettors withdrew about R$775.6 million before the deadline, including around R$652.6 million by October 2.
Most Accounts Held Small Amounts
Most remaining accounts held very little money. More than 96% of accounts with a positive balance had R$25 or less, and more than 92% had less than R$10.
The money left is concentrated at the top. About 1% of accounts hold roughly R$1.06 billion, or about 80% of the remaining funds.
The government is also watching 48 accounts that each hold more than R$500,000. Finance Minister Dario Durigan said these accounts are under investigation for possibly suspicious transactions.
Durigan added that a large balance alone does not mean someone committed a crime.
How Refunds Will Work
Bettors who missed the deadline