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Lula signs decree making financial institutions and advertisers jointly liable for illegal betting taxes

Regulation

Brazilian President Luiz Inácio Lula da Silva signed Decree 12.808/2025, which makes banks, payment providers and advertisers jointly liable for taxes arising from unauthorised fixed-odds betting, according to the decree. The rules are in force; the Finance Ministry, through the Secretariat of Prizes and Betting, is to set out procedures, deadlines and sanctions in a further ordinance.

Banks, payment providers and advertisers face joint tax liability for unauthorised betting, with procedures and sanctions still to be set.

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Regulation

Brazil decree targets financial flows supporting illegal betting operators

Brazil’s government has issued a decree targeting illegal betting operators and the financial flows that support them, according to lawyer José Frederico Manssur. He said the measures could extend monitoring to financial institutions and influencers promoting unlicensed brands, subject to legal and administrative procedures. Manssur said regulated operators had sought mechanisms to block money linked to illegal betting.

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