Paraíba authorities secure R$101.99m in assets in illegal betting operation
Authorities in Paraíba carried out an operation on 8 July against an alleged criminal organisation suspected of running unauthorised fixed-odds betting platforms. A court authorised asset freezes and restrictions, including on cryptoassets, totalling R$101,990,000 to disrupt the activity and preserve potential compensation. Investigators cited suspected illegal lottery operations, money laundering, criminal organisation and consumer fraud.
The court-authorised asset restrictions affect operators accused of running betting services without federal and state authorisation.