CMN Resolution No. 5,298/2026, published 24 April 2026 and effective from 4 May 2026, prohibits the use of derivatives lacking real economic backing, a measure explicitly designed to prevent betting products from being disguised, or maquiagem, as other financial instruments. The resolution reflects cross-agency coordination between the Finance Ministry, ANATEL and the Attorney General's Office, and is a mixed-durability instrument in that it operationalises a Conselho Monetario Nacional resolution rather than primary legislation. For operators and their financial counterparties, the practical effect is a new technical-product compliance dimension: any derivative or structured product offered in connection with betting activity must now demonstrate genuine economic backing or risk falling foul of the anti-disguising prohibition.
Jurisdictions › Brazil › Technical compliance
Brazil · Question 08 of 11
Technical compliance: What must the platform meet?
Mixed · Probable · Not reviewed · Back to full Brazil report →
Key section parameters
| Jurisdiction | Brazil (BR) |
|---|---|
| Regulator | Recorded in register |
| Favourability | Mixed |
| Confidence | Probable |
| Review status | Not reviewed |
| Last collected | 18 Oct 2026 |
Summary answer
CMN Resolution No. 5,298/2026, published 24 April 2026 and effective from 4 May 2026, prohibits the use of derivatives lacking real economic backing, a measure explicitly designed to prevent betting products from being disguised, or maquiagem, as other financial instruments. The resolution reflects …