Banks close 323 accounts linked to illegal betting in Brazil
Banks and payment institutions closed 323 accounts linked to suspected illegal betting operations in Brazil during the first quarter of 2026, according to data obtained by Pay4Fun from the Finance Ministry. The closures comprised 65 accounts in January, 127 in February and 131 in March, after activity inconsistent with account holders’ declared business was identified.
The reported closures indicate that enforcement against suspected illegal betting operations is reaching banking and payment channels.