Brazilian government orders banks to block funds of unauthorised betting operators
Brazil’s federal government issued a decree requiring financial institutions to block funds held by unauthorised gambling operators. Banks and fintechs must stop transactions within 24 hours of notification, and seized assets go to the National Public Security Fund. Paraná State Lottery (Lottopar) backed the measures and warned of risks to bettors using unapproved sites.
Operators and payment firms face a 24-hour deadline to halt transactions linked to unauthorised gambling activity.