Government launches new Desenrolla for card debts and personal credit and prohibits online betting

The program will be aimed at credit card debts, in installments and revolving modalities, and personal credit without payroll.

The proposal is for the Union to purchase credit portfolios from financial institutions at a discount of 90%. As a result, the estimate is to disburse R$15 billion to acquire the R$150 billion in debt.

The plan is to hold an auction in November to purchase credit portfolios. The operation will be carried out by the National Treasury or a federal financial institution. The objective is to reduce the commitment to family income and contain over-indebtedness.

The new program is the third round of Desenrola. In the previous edition, card debts, overdrafts and personal credit with delays of 90 days to two years were included. Renegotiation was carried out directly between debtors and financial institutions.

This Friday, the government also announced the ban on fixed-odd online betting in the country, known as bets. The ban also includes online games and virtual casinos in the country, such as "Jogo do Tigrinho".

Lula also sent a bill to Congress that establishes penalties for those who explore, operate or publicize so-called bets (see more details below).

"I made the decision to take the necessary hard and drastic measure. It's like cancer, either remove the tumor, or the tumor will kill us. [...] It was a lot of fighting, it was a lot of discussion, it was a lot of let's do this, do everything, do nothing, do it halfway, no. Since we have to do it, let's do what has to be done. End the bets", said Lula.

Bettors will have until October 5th to voluntarily withdraw the money available on the platforms. If you are unable to withdraw by the 5th, the banks that operate for bets will make the refund between the 9th and 14th of October.