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Brazilian betting associations say bank alerts disrupt legal betting payments

Regulation

Brazilian betting associations ANJL and IBJR say some banks’ warnings and payment restrictions are impeding customers using authorised betting sites. ANJL president Plínio Lemos Jorge said the association had raised the issue with the Central Bank and the Ministry of Finance’s betting secretariat; IBJR president André Gelfin separately argued that unauthorised sites continue to gain a competitive advantage.

Bank warnings and payment blocks could affect authorised operators’ ability to accept customer deposits, according to ANJL.

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Regulation

ANJL adviser says Brazil betting ban could cost government R$120bn

A lawyer and consultant to the National Association of Games and Lotteries (ANJL) said a proposed ban on fixed-odds betting could expose Brazil’s federal government to costs of up to R$120bn. The report says the final text of the provisional measure had not been published by its deadline and that Congress would have up to 120 days to decide whether to convert it into law; IBJR said it would seek reimbursement through the courts.

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