SectorWire
SearchGet the daily briefing
Menu

Brazilian fintechs seek changes to illegal betting payment rules

Regulation

Brazilian payment fintechs are seeking talks with the Secretariat of Prizes and Betting (SPA) to renegotiate rules targeting payments to illegal betting platforms, according to a media report. The rules require intermediaries to freeze a betting platform’s accounts within 24 hours of official notification; failure to comply can make them jointly liable for its tax debts.

Payment processors face a 24-hour account-freezing requirement and potential joint tax liability for non-compliance.

Request a correction

Keep reading

Regulation

SPA expands payment controls targeting illegal betting in Brazil

Brazil's SPA said it published Ordinance 2.750/2026 on 14 September, expanding procedures to identify and stop payments linked to illegal fixed-odds betting. The rules enable account blocking and restrictions on further transactions. They replace Ordinance 566/2025 and incorporate legal instruments introduced during 2026.

Brazil's SPA, the Secretariat of Prizes and Betting of the Ministry of Finance, published Ordinance SPA/MF 2.750/2026 on 14 September, it said. The ordinance expands procedures to prevent, identify and repress payment transactions linked to the irregular exploitation of fixed-odds betting. The SPA announced the publication on 15 September.

Continue reading