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Brazil’s SPA and Caixa agree to block Desenrola Fies beneficiaries from betting

Regulation

Brazil’s Secretariat of Prizes and Betting (SPA) and Caixa Econômica Federal signed a 12-month cooperation agreement to block beneficiaries of the Desenrola Fies debt-renegotiation programme from authorised fixed-odds betting platforms. Caixa will share beneficiaries’ CPF numbers with the SPA, which will pass identified records to operators; the restriction does not cover illegal betting sites.

Authorised operators must prevent identified Desenrola Fies beneficiaries from using their platforms to bet.

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Brazil finance ministry and Caixa agree Fies debtor data-sharing

Brazil’s Finance Ministry and Caixa Econômica Federal signed a 12-month agreement to share data on people renegotiating Fies student-financing debts, according to the report. The ministry’s Secretariat of Prizes and Bets will use the CPF numbers to study links between debt and fixed-odds betting and pass identified records to betting operators for account blocking.

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