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Brazil finance ministry and Caixa agree Fies debtor data-sharing

Regulation

Brazil’s Finance Ministry and Caixa Econômica Federal signed a 12-month agreement to share data on people renegotiating Fies student-financing debts, according to the report. The ministry’s Secretariat of Prizes and Bets will use the CPF numbers to study links between debt and fixed-odds betting and pass identified records to betting operators for account blocking.

Betting operators may be asked to block access for identified Fies debtors under the data-sharing arrangement.

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Brazil finance ministry weighs betting secretariat's future amid proposed ban

Brazil's Ministry of Finance is considering reducing or closing its Secretariat of Prizes and Betting if sports betting and online casinos are prohibited, according to a media report. Options include retaining basic functions to monitor illegal activity and lotteries or ending the secretariat. The report cites projected annual betting revenue of R$2.5bn that would be at risk under a ban; no prohibition has been enacted in the material.

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