Brazil’s SPA and banks discuss tighter online betting rules
Brazil’s Secretariat of Prizes and Betting (SPA) and banking representatives met on 17 July to discuss rules for fixed-odds gambling, particularly online betting and sports wagering. Febraban president Isaac Sidney proposed banning Pix for betting or capping transactions, and suggested excluding state-benefit recipients from using it for gambling.
Any restrictions on Pix could change how Brazilian customers fund betting accounts.