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Brazil orders banks to block funds linked to unauthorised betting platforms

Regulation

Brazil’s federal government announced measures requiring financial institutions to block funds belonging to unauthorised betting platforms, Lottopar said. Banks and fintechs must stop transactions within 24 hours of notification by the competent authorities, and seized funds are to go to the National Public Security Fund.

The rules require financial firms to halt transactions with unauthorised betting platforms within 24 hours of notification.

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Enforcement & compliance

Brazilian government notifies 37 fintechs over funds linked to illegal betting

Brazil's government notified 37 fintechs in July 2026 over suspected transactions involving funds linked to 60 illegal betting operators, the report said. In June, the government had announced that financial institutions must block funds belonging to unauthorised betting platforms; the report also cited a 2025 rule requiring suspicious transactions to be reported to the SPA within 24 hours.

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