Haddad says Brazil plans measures on fintechs linked to illegal betting
Brazil’s Finance Minister Fernando Haddad said the Central Bank is working with the government on measures concerning fintechs allegedly used by illegal betting platforms. He said the economic team would present a report to President Lula after an initial six-month period of regulation and data collection; proposed advertising restrictions would also cover the regulated market.
The planned measures could affect payment providers and advertising rules across Brazil’s regulated and illegal betting markets.