The preliminary and knockout round matches for men were played inside the Carioca Arena 1 in Olympic Park which seated up to 16,000 spectators.

This marked the first time that the men's and women's Olympic tournaments were played in multiple/separate venues.

The host country Brazil failed to make it to the quarterfinals of both the men's and women's tournaments, after being eliminated from the group stage.

Carioca Arena 1 hosted the entire men's tournament and the women's knockout stage, while Youth Arena hosted the women's preliminary round.

On 9 August 2015, it was announced that the Brazil men's and women's national teams would compete in the Olympic Basketball Tournament at the 2016 Rio Games after FIBA's Central Board decided to grant them automatic places at its meeting in Tokyo.