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CBF vice-president urges tougher laws against illegal betting operators

Regulation

Confederação Brasileira de Futebol vice-president Michelle Ramalho called for stricter laws against unlicensed betting operators during a Lisbon forum panel on 2 June, according to the report. Superbet chief executive Alexandre Fonseca and Betano Brasil public affairs director Guilherme Figueiredo also discussed regulated betting, consumer protections and financial restrictions. Ramalho argued that legal operators face unfair competition from illegal platforms.

Stricter laws could address illegal competition that Brazilian regulated operators say undermines their businesses.

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Regulation

Brazil STF president warns criminal groups use illegal betting sites to launder funds

Edson Fachin, president of Brazil's Supreme Federal Court and National Council of Justice, said organised crime uses illegal online betting platforms to move illicit funds. Speaking in Brasília at the launch of the National Network of Magistrates with Jurisdiction over Organised Crime, he called for cooperation among the Federal Revenue Service, Coaf, the Central Bank, prosecutors and police, including tracking of crypto-assets.

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