Brazil launches investigation into 37 illegal betting companies over R$50bn
Brazil’s Finance Minister Dario Durigan said authorities launched the Conto da Sorte operation on 18 June across São Paulo, Pernambuco and Ceará. The investigation concerns 37 companies suspected of illegal betting activity and financial movements of up to R$50bn; authorities are executing 14 search warrants to establish the exact amounts.
The investigation could affect operators and payment channels linked to the 37 companies under scrutiny.