Feed / Enforcement & compliance
By SectorWire desk ·
The report said that Brazil’s finance ministry ordered Pixbet’s immediate precautionary suspension. Non-compliance would attract BRL200,000 daily fines, and authorities also ordered seizure of up to BRL1.1bn.
Pixbet faces suspension and potential daily penalties for non-compliance.
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Pixbet must halt operations, cancel outstanding bets and refund stakes until SPA verifies compliance, with daily fines for breaches.
The suit seeks healthcare cost reimbursement and collective moral damages from betting companies representing around 80% of the market.
The blocking order restricts access to three PixBet platforms across Brazil.
Pixbet faces nationwide suspension, a R$4.7m fine and technical examination of its systems over inadequate safeguards for minors.
Suspended betting websites must allow withdrawals, while failure to comply with suspension orders can trigger daily fines of R$200,000.
Pixbet faces a reported suspension alongside accusations of laundering money using deceased people’s tax identification numbers.