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CMN sets 24-hour deadline to block accounts linked to illegal betting

Regulation

Brazil’s National Monetary Council (CMN) approved rules requiring banks and payment institutions to block accounts identified by the Secretariat of Prizes and Bets as belonging to unauthorised fixed-odds betting operators. Institutions will have 24 hours after notification to act, and the rules take effect on 28 August 2026.

Banks and payment institutions must prepare processes to block notified accounts within the specified period.

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Regulation

AGU seeks 72-hour deadline to respond to Brazil betting-rule challenges

Brazil’s Attorney General’s Office (AGU) asked Supreme Federal Court Justice Luiz Fux for 72 hours for the federal presidency and the AGU to respond to challenges to betting rules. The request concerns actions brought by the ANJL and IBJR, which are seeking suspension of a provisional measure that immediately prohibits fixed-odds betting and online games in Brazil; the AGU said its request was procedural and did not state a position on the merits.

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