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Brazilian finance minister warns betting platforms are used for money laundering

Regulation

Brazilian Finance Minister Fernando Haddad said criminal groups use betting platforms to launder money and conceal assets. He called for tighter rules on sector advertising, while saying authorities had not specified whether the suspected activity involved licensed operators or illegal-market platforms.

Haddad's comments could inform debate on advertising rules and scrutiny of betting-related financial crime in Brazil.

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Brazilian finance minister removes betting revenue estimate from 2027 budget proposal

Brazilian Finance Minister Dario Durigan said on 5 November that the federal revenue estimate from betting would be removed from the 2027 budget proposal, with losses expected to be offset elsewhere in the economy. He estimated that about R$60bn a year would shift from betting to sectors such as retail and wholesale; the report disputes that figure, citing official data of R$36.9bn in operator gross gaming revenue in 2025 and R$20.07bn in the first half of 2026.

Brazilian Finance Minister Dario Durigan said in an interview on Thursday that the estimate of federal revenue from betting houses would be removed from the 2027 annual budget bill, known as the Ploa. According to the minister, the loss will be offset in other areas of the economy.

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