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Brazilian committee approves bill targeting illegal betting operations

Regulation

The Chamber of Deputies’ Communication Committee approved a bill to combat unauthorised gambling and betting in Brazil. The proposal would require financial and payment institutions to monitor transactions and report monthly, with breaches potentially attracting fines of up to R$ 20 million, service suspensions or restrictions on Pix and TED.

The proposal could make financial and payment institutions responsible for monitoring and reporting transactions linked to unauthorised betting.

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Regulation

Brazil government establishes 15-member committee on illegal betting

Brazil’s federal government published a decree on 28 September setting the membership and duties of a committee coordinated by the Casa Civil to address illegal fixed-odds betting and advertising. The 15-member body will coordinate enforcement, share information and develop a register of related domains, apps and payment accounts. A separate task force said it had taken down 506 suspected sites on 27 September.

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