SectorWire
SearchGet the daily briefing
Menu

Brazil’s Finance Ministry suspends betting firms over reporting failures

Enforcement & compliance

Brazil’s Finance Ministry suspended betting companies that failed to submit required information, according to a report. The suspensions prevent affected firms from accepting new bets until they correct the problems; operators otherwise submit data daily and monthly through the Sigap system.

Operators must maintain timely Sigap reporting to avoid suspension from accepting new bets.

Earlier fines and penalties by SPA

DateCompanyAmountStoryAppeal status
Pixbet, ZeroumbetNot statedSPA orders suspension of 14 betting sites in BrazilNot stated
Not namedNot statedSPA suspends 14 licensed betting platforms across BrazilNot stated
PixbetNot statedBrazil’s SPA suspends Pixbet licence over monitoring and documentation failuresNot stated
Not namedNot statedBrazil's Finance Ministry imposes precautionary measures on authorised betting operatorsNot stated
Not namedNot statedRio prosecutors conduct betting-related searches across three statesNot stated

Connections

Request a correction

Keep reading