Brazilian committee approves bill targeting illegal betting-market payments
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.