Brazil central bank says it lacks authority to punish betting-payment institutions
Brazilian Central Bank president Gabriel Galípolo told the Bets CPI on 8 April that the Finance Ministry alone oversees enforcement of betting regulation, including against payment institutions serving betting companies. He said the central bank would need a legislative change to impose fines or block activity; the bank put monthly betting spending in Brazil at R$20 billion to R$30 billion.
The division of enforcement powers affects how authorities can respond to payment flows involving unauthorised betting companies.