Galípolo says betting customers show higher credit risk in Brazil
Banco Central president Gabriel Galípolo told a Senate inquiry on 8 April that people who bet on virtual games have significantly higher credit risk than non-bettors, even after several factors are controlled for. He said the bank’s supervision covers financial and payment institutions’ controls, while its study examined payment patterns and potential effects on economic activity and financial stability.
The findings may affect how financial and payment institutions assess risk and how the Banco Central monitors betting-related payment flows.