Brazil’s central bank questions betting advertisements on financial platforms
By SectorWire desk ·
Summary
Brazil’s central bank questioned financial institutions’ promotion of sports betting through their apps and websites on 1 September in Brasília. The bank is considering digital consumer protection rules as it examines gambling-related indebtedness, with publication possible in the coming months.
Why it matters
Financial institutions’ betting promotions face central bank scrutiny as it considers digital consumer protection rules and examines gambling-related indebtedness.