Brazilian government weighs restrictions or ban on fixed-odds betting
Brazil’s federal government is preparing a provisional measure that could restrict or prohibit fixed-odds betting, according to an article by police civil delegate Flávio Porto. The proposal’s final scope is not yet known. Porto warned that removing the regulated market could drive bettors towards illegal platforms, while licensed operators are subject to anti-money-laundering monitoring and reporting duties.
A broad restriction could affect licensed operators and shift betting activity beyond Brazil’s regulated anti-money-laundering controls.