Jorge Goetten proposes bank liability for illegal betting transactions in Brazil
Brazilian federal deputy Jorge Goetten introduced Bill 5.587/2026, which would let bettors seek reimbursement for net losses on unauthorised fixed-odds platforms, as reported by Congress in Focus. The proposal would keep primary liability with the betting company but could extend it to financial institutions that failed to prevent the transactions; it awaits referral to committees in the Chamber of Deputies.
The proposal could expose banks and payment institutions to shared liability for processing transactions with unauthorised betting operators.