Brazil’s federal government plans to divert money seized from unlicensed betting operators to a central fund addressing illegal betting and organised crime, according to the report published on 22 June 2026. The text does not specify the fund’s name, legal basis or the amount involved.
The proposed diversion would change how seized money linked to unlicensed betting is used in Brazil.
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Brazil's National Monetary Council (CMN) approved rules requiring banks and payment institutions to freeze funds linked to non-compliant betting operators after official notice from the Secretariat of Prizes and Betting (SPA). The rules take effect on 28 August and give institutions up to 24 hours to block funds and reject further transactions.
Brazilian President Luiz Inácio Lula da Silva signed a decree requiring financial institutions to freeze funds linked to illegal betting operators, the government announced on 19 June. The blocked money is to go to the National Public Security Fund; institutions must confirm the administrative freeze within 48 hours. The SPA and Receita Federal will identify suspected irregularities, while the Central Bank monitors compliance.
Brazil's government notified 37 fintechs in July 2026 over suspected transactions involving funds linked to 60 illegal betting operators, the report said. In June, the government had announced that financial institutions must block funds belonging to unauthorised betting platforms; the report also cited a 2025 rule requiring suspicious transactions to be reported to the SPA within 24 hours.
Brazilian President Luiz Inácio Lula da Silva signed a decree allowing authorities to freeze funds held by financial institutions that are linked to illegal betting, Finance Minister Dario Durigan said. Banks, fintech companies and payment institutions have 48 hours to freeze funds in accounts associated with unauthorised betting companies, and may be held jointly responsible for related transfers.
Brazil has announced measures against illegal betting. The measures include seizing funds.