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Paraíba federal court authorises disclosure of Pixbet-linked financial records

Regulation

The Federal Court of Paraíba authorised the disclosure of banking and tax information for individuals and companies linked to Pixbet and other online betting businesses as part of an investigation. The Federal Police suspect the group used Brazilian real payments and dollar betting credits in an alleged scheme involving foreign-exchange evasion, money laundering and unlicensed financial activity.

The order exposes betting-linked businesses and individuals to scrutiny over alleged cross-border payment and financial crimes.

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Eduardo Paes pledges to close LOTERJ and ban betting in Rio

Rio de Janeiro gubernatorial candidate Eduardo Paes said he would abolish the state lottery authority, LOTERJ, and ban sports betting in the state if elected. He accused the authority of laundering money for militia groups; the report also says prosecutors charged eight people over alleged use of illegal gambling proceeds to obtain LOTERJ licences, while Brazil’s Supreme Federal Court formed a majority to restrict LOTERJ’s operations beyond the state.

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