Brazil’s licensed betting operators must send daily and monthly data to the Ministry of Finance, and suspension for reporting failures is now on the table

Licensed betting companies in Brazil are required to send detailed information on bettors, financial movements, and platform operations to the Ministry of Finance through daily and monthly filings. The practical point for PSPs and high-risk operators is simple: this is not just a licensing formality, it is an ongoing reporting regime that can be used to suspend access to new bets if filings are not in order.

1. The main reporting channel is the Sistema de Gestão de Apostas (Sigap), through which companies submit six file types: five daily and one monthly. The daily files must reach the system by 6 a.m. on the day after the reporting period, although they can be transmitted during the day itself.
2. The daily submissions include each bettor’s registration data and records of wallet movements, which allows the government to track money in and out of the accounts used for betting. Separate daily files also cover sports betting and online games, with user-by-user detail of the wagers placed.
3. The monthly file is broader. It includes the balance of bettors’ wallets held by the betting companies, the balance of the companies’ operational accounts, income tax withheld and paid, amounts allocated to legally designated recipient sectors, and Gross Gaming Revenue (GGR). Here, GGR means what the bets keep after deducting player prizes from total intake; the numbers published by the Secretariat of Prizes and Bets (SPA) are calculated from the data sent by the companies themselves. Non-withdrawable bonuses and financial rewards must also be included in that calculation.
4. The reporting obligation drew attention this week after the Ministry of Finance suspended betting operators for failures in sending the required information, as reported by O Globo. The suspension blocks the affected companies from receiving new bets until the irregularities are corrected.
5. Reporting does not stop at the scheduled files. The SPA can request additional information from companies at any time and has direct access to the platforms’ betting systems, which lets it check specific operations or investigate suspected irregularities. Operators must also keep their authorization documents up to date, including financial statements, explanatory notes, and an independent auditor’s report registered with the Comissão de Valores Mobiliários (CVM). Any change in the conditions that supported the authorization must be reported to the secretariat.

For anti-money laundering and counter-terrorism financing purposes, betting companies must also deliver to the SPA, by 1 February each year, a report on policies, procedures, and controls. In practice, Brazil’s framework gives the regulator both a paper trail and direct system access — which is exactly the kind of setup payment teams should care about before they start talking about scale.