Feed / Enforcement & compliance
By SectorWire desk ·
The report said that Brazil’s Federal Police conducted an illegal betting operation and froze nearly BRL1bn. The report said the websites used false SPA imagery to suggest compliance.
The operation restricts funds linked to the betting sites described in the report.
Request a correction / right of reply
Linked through shared companies, regulators and people, or one step further through the graph.
The blocking order restricts access to three PixBet platforms across Brazil.
The operation investigates alleged laundering of funds from illegal gambling.
Brazil’s Federal Police now has a specialist division targeting unlawful betting and sports-result manipulation.
The pending balance and unnamed companies leave operators and bettors without a full account of refunds still due.
The ban could create legal uncertainty for licensed operators and affect investor perceptions of Brazil’s regulated market.
The case involves alleged illegal betting platforms and financial flows, with judicial measures affecting two companies and a site used to promote bets.