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Brazil audit court gives Treasury 120 days to improve betting secretariat

Regulation

Brazil’s Federal Court of Accounts ordered the Ministry of Finance to make staffing and technology improvements at its Secretariat of Prizes and Betting within 120 days. The court said the measures should support the secretariat’s work, including preventing money laundering in sports betting processes, and recommended operational manuals and technical documents.

The order sets a 120-day deadline for improvements to the authority responsible for regulating and supervising Brazil’s betting sector.

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Minas Gerais audit court suspends R$32m in planned football club sponsorships

The Minas Gerais State Court of Accounts suspended planned 2027 sponsorship contracts worth R$32 million between state-owned companies and Cruzeiro, Atlético-MG and América-MG. The interim decision bars new agreements and stops payments if contracts have already been signed; it followed a representation by governor-elect Cleitinho Azevedo and cited missing evidence of returns and objective criteria.

The Minas Gerais State Court of Accounts (TCEMG) has suspended, in an interim decision, R$32m of sports sponsorship contracts planned for 2027 between state-owned companies and the clubs Cruzeiro, Atlético-MG and América-MG.

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