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Lula urges strict scrutiny of banks and betting firms in Brazil

Regulation

Brazilian President Luiz Inácio Lula da Silva met Prosecutor-General Paulo Gonet in Brasília on 12 February and urged authorities to apply strict scrutiny to investigations involving banks and betting companies, according to the presidency’s communications office. The meeting was not listed on the presidency’s official agenda and was intended to address the government’s 2026 legal agenda.

The call for scrutiny places betting companies within a wider set of financial investigations in Brazil.

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Enforcement & compliance

Vorcaro777 continues operating despite measure prohibiting illegal betting platforms

Vorcaro777 continues to offer casino games and sports betting online. The outlet said the site remained accessible despite a provisional measure prohibiting illegal platforms from operating.

The betting platform Vorcaro777 remained accessible on 8 October, offering casino games and sports betting, while a federal provisional measure prohibits fixed-odds betting in Brazil. The site was still reachable in a check that day, according to a report. The platform uses the surname and image of Daniel Vorcaro, founder of Banco Master, in its branding.

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