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Brazilian decree allows funds linked to unauthorised betting operators to be frozen

Regulation

Brazilian President Luiz Inácio Lula da Silva signed a decree allowing authorities to freeze funds linked to unauthorised betting operators. The government said the measure covers accounts identified by the Secretariat of Prizes and Bets, with banks required to implement a freeze immediately and confirm it within 48 hours. The minister of justice said 41% to 51% of platforms operating in Brazil were illegal and attracted about 25.2 million users.

Operators under investigation may have their financial accounts frozen under the new process.

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Brazil finance minister says betting suspension will require 2027 budget adjustment

Brazilian Finance Minister Dario Durigan said on 5 November that suspending betting would reduce projected Selective Tax revenue and require an adjustment to 2027 budget planning. The government collected R$15.3bn in sector taxes between January 2025 and September 2026, according to figures presented by the Federal Revenue Service. Congress must review the provisional measure within 120 days, with the deadline extending to 5 March 2027; otherwise, the measure will expire.

Brazil's President Luiz Inácio Lula da Silva decided on 25 September to ban sports betting and online gaming, and this will reduce projected Selective Tax revenue next year. Finance Minister Dario Durigan announced this at a press conference on Thursday.

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