The National Association of Games and Lotteries (ANJL) and the Brazilian Institute of Responsible Gaming (IBJR) have both recommended that their members accelerate the implementation of the ban on using credit cards for gambling. The decision was made in response to Normative Ordinance No 615, which was published in April and prohibits the use of credit cards, cryptocurrencies, cash, payment slips, or checks for betting in the legal Brazil online betting market starting from 1 January 2025.
However, companies currently operating in Brazil that have applied for a betting license will be allowed to continue their operations from 1 October onwards. The ANJL and IBJR have encouraged their members to voluntarily enforce the ban on credit cards after consultations with the ministry of finance. The IBJR, which represents approximately 70% of the betting market in Brazil, sees this move as part of their efforts to ensure a safe and responsible betting environment in the country.
The ANJL has reported that the majority of its members have already eliminated credit card options for bettors. Despite the ban not taking effect until 2025, both associations have expressed concerns about the financial risks faced by players who use credit cards during the transition period between October and December of this year.
The IBJR released a statement on Linkedin, stating, “IBJR firmly believes that regulation is the most efficient and necessary way to address these challenges, ensuring consumer protection and the well-being of the state. As the leading industry association, we are fully committed to finding solutions that meet the government’s expectations and society’s needs.”
Recent pressure from government and private sector officials in Brazil has focused on the social and fiscal implications of gambling on vulnerable members of society. The president of the Brazilian Federation of Banks (Febraban), Isaac Sidney, had previously called for an earlier implementation of the credit card ban to protect players promptly.
The ANJL clarified that the decision to expedite the ban was not influenced by external pressure, highlighting the fact that the majority of bettors in Brazil already use instant payment provider Pix instead of credit cards. In an email shared with iGB, the ANJL stated, “This is not a reactionary measure to criticism from other industry sectors. Card payments are nearly non-existent in the betting industry as it stands.”
Overall, the efforts made by the ANJL and IBJR reflect a proactive approach towards promoting responsible gambling practices and protecting players in the Brazilian betting market. The early implementation of the credit card ban demonstrates a commitment to creating a safe and sustainable betting environment for all stakeholders involved.
