SectorWire
SearchRegister
MenuClose

Brazil decree enables account blocking and asset seizures against illegal betting operators

Enforcement & compliance

Brazilian President Lula da Silva signed a decree on 19 June enabling authorities to block accounts, halt transactions and seize assets linked to unauthorised fixed-odds betting operations. The SPA will identify suspected illegal operators and issue technical reports; financial institutions must block funds and stop transactions within 24 hours, while the Central Bank supervises the process.

The decree sets out a process that can interrupt financial services to unauthorised betting operators and direct seized funds to public security.

Earlier fines and penalties by Ministry of Finance and SPA

DateCompanyAmountStoryAppeal status
Not namedNot statedBrazilian ministers announce measures against illegal bettingNot stated
Not namedBRL 50,000,000,000Brazil launches investigation into 37 illegal betting companies over R$50bnNot stated
Not namedNot statedMPRN launches Conto da Sorte probe into illegal betting across three Brazilian statesNot stated
Not namedNot statedBrazil orders financial institutions to block illegal betting transactions within 24 hoursNot stated
SPRIBENot statedMP-DF opens civil inquiry into Spribe’s supply of Aviator in BrazilNot stated

Request a correction

Flag an issue

Keep reading

Regulation

Brazil decree sets measures against illegal betting, lawyer says

Brazil republished Decree No. 13,033 in the Official Gazette to correct three provisions, after President Luiz Inácio Lula da Silva signed it on 19 June, according to the report. The decree provides measures to combat illegal betting and assigns accountability to financial and payment institutions and influencers linked to the irregular market; lawyer Roberto Brasil Fernandes said it could strengthen coordination and enforcement.

Continue reading