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Brazilian rules require betting operators to track customer funds and activity

Regulation

An article discussing Brazil’s fixed-odds betting rules says Law 14.790/2023 and regulations from the Finance Ministry’s Secretariat of Prizes and Betting established identification and traceability controls. It cites Ordinance 1,143/2024 as requiring operators to maintain anti-money-laundering and counter-terrorist-financing policies and controls.

The cited controls shape operators’ customer-identification, payment-monitoring and anti-money-laundering obligations in Brazil.

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Regulation

Brazilian industry representatives warn betting ban could expand illegal market

Industry representatives warned at a Supreme Federal Court hearing in Brazil that the betting ban could shift activity to unlicensed operators. The Ministry of Justice said it had requested the removal of 36,905 websites between 25 September and 29 October; representatives also said betting volumes fell 32% in the latest three-month data compared with a year earlier.

A debate has intensified in Brazil over whether the betting ban protects consumers or steers gambling toward unregulated operators. The matter featured at a Supreme Federal Court (STF) public hearing on Tuesday. At that hearing, 34 entities discussed Provisional Measure 1.394, the measure that banned betting in Brazil.

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