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Brazilian Federal Police block up to R$951m in illegal betting investigation

Enforcement & compliance

Brazil’s Federal Police launched Operation Slots in Vitória on 15 July, targeting a group accused of operating unauthorised fixed-odds betting platforms and laundering money. Courts authorised 14 search warrants and two temporary arrests across six states; measures include freezing and seizing assets worth up to R$951,140,294 and suspending the activities of companies involved.

The investigation and asset restrictions affect illegal betting businesses and intermediaries operating in Brazil.

Earlier fines and penalties by SPA

DateCompanyAmountStoryAppeal status
Not namedNot statedBrazil’s finance ministry notifies 37 fintechs over illegal betting transactionsNot stated
Not namedNot statedBrazil notifies 37 fintechs over payments linked to illegal betting operatorsNot stated
Not namedBRL 101,990,000Paraíba authorities secure R$101.99m in assets in illegal betting operationNot stated
Not namedNot statedBrazilian Federal Police investigate money-laundering network linked to illegal bettingNot stated
Not namedNot statedBrazilian Finance Ministry orders suspension of betting ads breaching rulesNot stated

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