With the start of the regulated market in Brazil, operators will need to make changes to their financial systems. Starting January 1st, they will have to maintain 3 accounts: a transactional account, for deposits and withdrawals by bettors, an operational account, for normal business transactions, and a reserve account, with a balance of R$ 5 million for emergencies. In an exclusive interview with GMB, Leonardo Brodsky, head of sales and account management at PayBrokers, explains the routine.
Games Magazine Brazil - Starting in January, sports betting and online gaming houses will have to operate with three accounts: the transactional, the operational, and the financial reserve account. Could you explain how operators will adapt to this?
Leonardo Brodsky -
These three accounts have distinct functions. In the transactional account, players make deposits and withdrawals. In the operational account, operators can carry out normal financial transactions, like any company. In the reserve account, there must be an amount of R$ 5 million invested in government bonds, as a preventive measure to ensure payment to bettors in cases of insolvency or lack of liquidity of the operator.
Regarding adaptation to this model, the main point of attention will be to ensure that the balance of the operators' transactional accounts is always equivalent to the total owed to the users.
It's not something extraordinary. For the operator, it's just about understanding that they need to have: an account focused 100% on operations with end customers (transactional), an account for the company's expenses (operational), and a reserve account, which should be invested in government bonds for emergencies. With the right partner, this adaptation becomes quite simple.
How will financial transfers between these accounts be carried out?
According to the established flowchart, all transactional accounts of an operator, combined, must have a balance equivalent to the amount owed to the site's users. Any excess amount can be transferred to the operational account. In case of a deficit, the operator must make a transfer from the operational account to the transactional.
It is important to emphasize that there will be constant movements between the transactional and operational accounts. This will require rigorous control to ensure effectiveness in managing financial assets.
As for the reserve account, the movement requires prior authorization from the responsible body. The values must be transferred from the reserve account to the operational and then to the transactional. In addition, it is mandatory to constantly maintain the balance of R$ 5 million invested in government bonds. Despite these specifics, the process does not present major difficulties.
Will the Secretariat of Prizes and Bets and the Central Bank monitor these movements?
Yes, but with distinct responsibilities. Payment Institutions must send reports to the Central Bank, while operators must report their movements to the Secretariat of Prizes and Bets. According to the legislation, betting houses must send daily reports on the movements made on the site, using a specific system of the secretariat for this.
In the case of Payment Institutions, like PayBrokers, the Central Bank already monitors to ensure that only duly authorized companies process payments. This helps to identify and stop operations from unauthorized betting sites.
Therefore, it is essential that the Payment Institution has the necessary authorization and is closely regulated by the Central Bank, fulfilling all the requirements for sending reports and accounting.
Will the requirement for operators to have bank accounts in Brazil change the way they relate to companies like PayBrokers?
Not at all. The services previously provided will be adjusted to meet the new demands of the regulated market. What was previously done will be replaced by solutions adapted to the new scenario, with the aim of boosting the growth of operators.
This relationship, in fact, tends to become even closer. In a market that has undergone so many changes, it is essential that the entire ecosystem works in collaboration to facilitate adaptations and foster innovations, product launches, and growth of the sector as a whole.
What are PayBrokers' plans for 2025 and what will it focus on to continue expanding in the Brazilian market?
It is difficult to predict the entire year of 2025 before we test the tools of the regulated market. However, our initial focus will be to continue providing services that enable our clients to increase their revenues, user loyalty, greater security in operations, and a reliable environment, consolidating the betting sector as a form of entertainment.
We are committed to ensuring that each client has access to the best tools and support to operate in a regulated environment, ensuring compliance and quality in all transactions. For us, the success of our partners is the measure of our own success, and we will continue to be the reference in the market, always one step ahead of the changes and demands of the sector.
The main objective is to ensure that the market functions and grows. After all, if the industry does not operate efficiently, there is no way for anyone to prosper.
Source: Exclusive GMB
