The Brazilian sports betting and online gaming market will enter a new phase from January 1, 2025. The regulatory framework will impact both bookmakers and bettors. With this in mind, Leonardo Brodsky, from PayBrokers, detailed some of the new requirements for financial transactions.
Thus, the segment will have three main accounts:
- Transactional account,
- Owner account,
- Reserve account.
“The ordinance already describes the graphic account, which is the bettor’s account within the website. The transactional account is still an operational account itself, where deposits from players are received, as well as from where prizes are paid to players”, he highlighted.
Additionally, Brodsky mentioned that platforms do not necessarily have a single transactional account. “Having different payment institutions, with each of them, this operation will have a transactional account. The sum of the balances of all transactional accounts must always be the same sum of the balances of all end users on your website”, he pointed out.
From then on, all the bookmaker’s winnings or surplus are removed from the transactional account and transferred to the proprietary account, which is a business account. “Major cross-account transactions will happen between the transacting account and the owner,” he said.
Regarding the reserve account, he highlighted that “it is the account where the R$5 million is invested in public securities in a financial institution authorized to maintain accounts in this category. This account will only be accessed with a prior authorization request from the secretariat.”
In other words, this reserve account is a safeguard for the company, being used to cover premium payments in the event of a lack of liquidity. For the executive, this account will only be activated in extreme cases.
Bettors
Leonardo Brodsky made a point of reinforcing that these requirements are for bookmakers. “The bettor has his normal bank account and can register up to three accounts within the sites. It will always be from these registered accounts that transactions from the end user to the bookmaker will be possible.”
He added: “For the end user, there will be few new features within the operational flow of money, that is, deposits and withdrawals.”
