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Prodecon investigates Blaze over alleged consumer rights breaches in Brazil

Regulation

Brazil's 1st Consumer Protection Prosecutor’s Office opened a civil investigation into Blaze’s Brazilian betting operations, reportedly run by Foggo Entertainment Ltda. Prosecutors are examining more than 42,000 consumer complaints and requested company records and information; the company could face BRL120m in fines and collective damages if violations are established.

The investigation could expose Blaze to BRL120m in penalties and damages and requires it to provide compliance records.

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Regulation

Brazil's Finance Ministry investigates 14 betting firms over reported tax irregularities

Brazil's Finance Ministry is investigating 14 betting and online gaming companies over suspected revenue-reporting irregularities, the report said. Blaze may have underpaid up to R$96.1 million in taxes and required transfers, an estimate that is not an established debt; the company said it follows applicable rules and will provide information to authorities. The SPA confirmed that sector inspections are continuing.

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