Bill proposes refund of money lost in illegal betting

The legislative process for Bill 5.587/2026 promises to change the landscape for bettors who have incurred losses on illegal betting platforms in the country. Introduced in the Chamber of Deputies by lawmaker Jorge Goetten (Republicanos-SC), the proposal creates a mechanism for users to recover funds lost on platforms that operate without authorization. The change directly affects Law 14.790/2023 by broadening the scope of accountability, allowing banks and payment processors to also be held liable for reimbursement if they facilitated financial transfers that did not comply with security standards. How the text provides for the reimbursement of losses in illegal betting The structure of the proposal stipulates that the primary obligation to return the funds remains with the clandestine operator. However, this responsibility becomes shared with financial firms that disregard the regulatory safeguards established to block irregular transactions. This progress in Congress gained momentum shortly after the federal government issued Provisional Measure 1.394/2026 in September. The new rule prohibited the operation and advertising of these platforms in the country, compelling the Ministry of Finance to tighten the rigor of financial tracking. Accounting definition of a loss and the legislative process in Congress With the aim of avoiding divergent interpretations in future legal proceedings, the provision defines the precise concept of what is classified as a “net loss.” The amount claimed by the client will not encompass the total of all deposits made on the site; rather, it represents the negative balance calculated as the difference between the amount invested and the payouts the user received back during the period in question. “The bettor has the right to a refund of net losses resulting from fixed-odds bets placed with an operator not authorized by the competent authority, without prejudice to other rights provided for under the law,” the document explains. The matter now awaits formal referral to the Chamber’s thematic committees before facing a decisive vote on the floor. O post Bill proposes refund of money lost in illegal betting apareceu primeiro em iGaming Brazil.