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14/07/2026 Estimated reading 1’

SPA/MF Ordinance No. 1.964/2026 (in force as of 07/17/2026)

14/07/2026

Amends SPA/MF Ordinance No. 1.231/2024 to modify the mandatory warning phrases about the risks of dependency and pathological gambling disorders associated with betting, in communication, advertising and marketing actions related to fixed-odds betting.

What’s new:

Item II of art. 13 now requires the use of one of the following mandatory warning phrases: “Ministério da Fazenda adverte: Apostar pode causar dependência” (“Ministry of Finance warns: Betting can cause dependency”), “Ministério da Fazenda adverte: Apostar faz você perder dinheiro” (“Ministry of Finance warns: Betting makes you lose money”) or “Ministério da Fazenda adverte: Aposta não é investimento” (“Ministry of Finance warns: Betting is not an investment”). In addition, the warning clauses must be horizontal, clear, legible, proportional to the ad, and occupy at least 10% of the size of the advertising piece.

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