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Brazil’s SPA notifies 22 financial institutions over transactions with unauthorised betting sites

Regulation

Brazil’s Secretariat of Prizes and Bets (SPA) notified 22 financial institutions on 21 February over transactions with unauthorised sports betting sites. A gambling lawyer said the move shifts enforcement towards payment services, while the SPA’s notices alert institutions to their responsibilities under a law prohibiting transactions for bets with unauthorised operators. He said effectiveness would depend on coordination with the Central Bank.

Payment institutions face regulatory scrutiny over processing transactions linked to unauthorised betting operators.

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Regulation

Lula signs decree making financial institutions and advertisers jointly liable for illegal betting taxes

Brazilian President Luiz Inácio Lula da Silva signed Decree 12.808/2025, which makes banks, payment providers and advertisers jointly liable for taxes arising from unauthorised fixed-odds betting, according to the decree. The rules are in force; the Finance Ministry, through the Secretariat of Prizes and Betting, is to set out procedures, deadlines and sanctions in a further ordinance.

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