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Brazilian committee approves bill targeting illegal betting-market payments

Regulation

Brazil's Chamber of Deputies Finance and Taxation Committee approved bill PL 4.044/2025 in late May, proposing a legal framework to combat illegal gambling and betting. The proposal would expand banks', fintechs' and payment institutions' roles in monitoring transactions linked to unauthorised operators, including checks and possible account or transfer blocks; it still requires further legislative consideration.

If enacted, the proposal would place additional monitoring and potential blocking duties on payment providers serving the betting market.

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Regulation

Brazil’s Finance Ministry sets 24-hour deadline to block illegal betting payments

Brazil’s Finance Ministry issued an ordinance setting procedures for the joint liability of financial and payment institutions that facilitate unauthorised fixed-odds betting. After a specific formal notice from the Finance Ministry, institutions have 24 hours to restrict transactions linked to the identified operators; the ordinance also covers people and companies advertising unauthorised operators.

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