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Brazil’s finance ministry suspends Pixbet and orders stake refunds
By SectorWire desk ·
Summary
Brazil’s finance ministry ordered Pixbet and two associated websites to halt operations, cancel outstanding bets and refund stakes. The suspension concerns alleged failures to supply information required by SPA and continues until SPA verifies compliance. Breaching the order carries a daily R$200,000 fine.
Why it matters
Pixbet must halt operations, cancel outstanding bets and refund stakes until SPA verifies compliance, with daily fines for breaches.