By SectorWire desk ·
The report said, citing multiple sources, that Pixbet is exploring a possible sale. The Brazilian betting operator is facing regulatory issues.
A sale could change ownership of the Brazilian consumer betting brand.
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The suit seeks healthcare cost reimbursement and collective moral damages from betting companies representing around 80% of the market.
The blocking order restricts access to three PixBet platforms across Brazil.
Pixbet faces nationwide suspension, a R$4.7m fine and technical examination of its systems over inadequate safeguards for minors.
Suspended betting websites must allow withdrawals, while failure to comply with suspension orders can trigger daily fines of R$200,000.
Pixbet faces a reported suspension alongside accusations of laundering money using deceased people’s tax identification numbers.
Pixbet must halt operations, cancel outstanding bets and refund stakes until SPA verifies compliance, with daily fines for breaches.