Brazil decree targets financial flows supporting illegal betting operators
Brazil’s government has issued a decree targeting illegal betting operators and the financial flows that support them, according to lawyer José Frederico Manssur. He said the measures could extend monitoring to financial institutions and influencers promoting unlicensed brands, subject to legal and administrative procedures. Manssur said regulated operators had sought mechanisms to block money linked to illegal betting.
The reported measures could bring payment providers and promoters of unlicensed betting brands within enforcement procedures.