Bets: more than R$1 billion were returned to bettors

More than R$1 billion in bet bettor balances were returned to users of these platforms. As a result, the current balance, which still needs to be transferred after the ban on online betting, fell from R$1.2 billion to R$159 million, according to data sent by companies to the federal government. The funds must be returned by the banks by October 14th.

The remaining R$159 million belongs to bettors who did not withdraw the amounts by the end of the voluntary withdrawal period, which ended on October 5th. The data covers 22.5 million bettors, distributed across 70.5 million accounts.

What bettors need to know

Banks have until October 14th to return the funds.

The total amount still to be refunded is R$159 million.

Eight companies have not yet sent the necessary information to the banks to return the amounts.

The Federal Attorney General's Office (AGU) is going to court to force them to provide the data.

If there is an impediment to the refund by the banks, the funds will be transferred to Caixa Econômica Federal, which will be responsible for paying the bettors.

Most of the remaining balances are of small value. According to the companies, 90% of accounts have less than R$1 receivable and 97% have a balance of less than R$10.

Blocks and removals

Between September 25 and October 9, the government ordered 16,627 illegal betting sites to be blocked.

The removal of 3,691 pages, profiles, channels, groups and servers on digital platforms was also requested. On Telegram alone, 1,027 groups were identified with around 18.5 million members. On TikTok, 115 profiles had approximately 459 thousand followers.

In total, content linked to illegal betting reached 18.9 million users, members and followers.