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Brazil’s finance minister says betting platforms are used for money laundering

Regulation

Brazilian Finance Minister Fernando Haddad said on 3 December that criminal organisations use online betting platforms to launder money and conceal assets. He called for regulatory gaps to be closed and said the government could notify the Justice Ministry if crimes involving betting companies are identified. Haddad also said Congress was considering tighter rules on sports betting advertising.

The statements signal possible regulatory and enforcement action affecting betting platforms in Brazil.

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Regulation

Brazilian finance minister removes betting revenue estimate from 2027 budget proposal

Brazilian Finance Minister Dario Durigan said on 5 November that the federal revenue estimate from betting would be removed from the 2027 budget proposal, with losses expected to be offset elsewhere in the economy. He estimated that about R$60bn a year would shift from betting to sectors such as retail and wholesale; the report disputes that figure, citing official data of R$36.9bn in operator gross gaming revenue in 2025 and R$20.07bn in the first half of 2026.

Brazilian Finance Minister Dario Durigan said in an interview on Thursday that the estimate of federal revenue from betting houses would be removed from the 2027 annual budget bill, known as the Ploa. According to the minister, the loss will be offset in other areas of the economy.

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