By SectorWire desk ·
Finance Minister Dario Durigan criticised betting companies and fintechs during an interview. He also raised concerns about regulatory shortcomings.
The finance minister’s criticism places betting companies, fintechs and regulatory shortcomings under public scrutiny.
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The measure may affect access to regulated self-exclusion and remove a funding source for gambling-related prevention and treatment.
Brazil’s finance minister has framed the betting-site ban as comparable to a plebiscite within wider political discussion.
The calculations distinguish betting deposits from operator earnings and compare government receipts with operators’ net profits.
Player repayments after Brazil’s betting shutdown exposed accounts now under investigation for suspected money laundering and organised crime links.
The reported fall puts the prohibition's financial impact on authorised Brazilian betting operators at around R$600m a day.
Operators face potential restrictions on website and app features encouraging excessive play, with scope and timing unspecified.