By SectorWire desk · · Updated
Authorised betting operators in Brazil recorded a fall in daily financial activity from around R$600m to zero following a prohibition. The outlet's headline attributed the figures to Dario Durigan.
The reported fall puts the prohibition's financial impact on authorised Brazilian betting operators at around R$600m a day.
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The measure may affect access to regulated self-exclusion and remove a funding source for gambling-related prevention and treatment.
Brazil’s finance minister has framed the betting-site ban as comparable to a plebiscite within wider political discussion.
The calculations distinguish betting deposits from operator earnings and compare government receipts with operators’ net profits.
Player repayments after Brazil’s betting shutdown exposed accounts now under investigation for suspected money laundering and organised crime links.
Operators face potential restrictions on website and app features encouraging excessive play, with scope and timing unspecified.
The finance minister’s criticism places betting companies, fintechs and regulatory shortcomings under public scrutiny.