SectorWire
SearchGet the daily briefing
Menu

Brazil’s Central Bank bars Pix, TED and boleto payments for fixed-odds betting

Regulation

Brazil’s Central Bank published three resolutions on 2 October barring payment institutions from processing, settling or enabling transactions for fixed-odds betting, implementing a prohibition in Provisional Measure 1.394. The rules apply to TED, boleto and Pix, with TED and Pix retaining exceptions for winding down operations and returning customer funds; the resolutions state that the obligation dates from 25 September.

Payment providers must apply the restrictions across three major payment arrangements, with TED and Pix exceptions for refunds and closures.

Request a correction

Keep reading

Regulation

Brazilian government prohibits fixed-odds betting under MP 1,394/2026

Brazil’s MP 1,394/2026 prohibits fixed-odds betting, according to a report discussing the measure and its effects on licensed operators. The report says 85 operators paid R$30 million each for five-year authorisations, totalling R$2.55 billion, and that the government will not refund fees for unused periods. Finance Minister Dario Durigan said investors would have predictability in Brazil.

Brazil's government has prohibited fixed-odds betting through MP 1,394/2026, according to the report. The measure ends authorisations that had been active for 22 months. The government will not refund the authorisation fees or the portion covering the remaining period, the report says.

Continue reading