Brazil establishes forfeiture procedure for more than R$1bn linked to illegal betting
By SectorWire desk ·
Summary
Brazil's MJSP introduced an administrative procedure for forfeiting funds linked to unauthorised fixed-odds betting operators. Ordinance 1.287/2026 took effect following its signing on 2 September, covering more than R$1bn in blocked funds. Affected parties have 15 days to submit a defence and 10 days to appeal; transferring funds to federal ownership requires a judicial decision.
Why it matters
Affected parties face defence and appeal deadlines, while transferring blocked betting funds to federal ownership requires a judicial decision.