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São Paulo police arrest three in illegal online betting investigation

Enforcement & compliance

São Paulo Civil Police arrested three suspects on 13 October in an investigation into illegal online betting, financial fraud and money laundering. Police said courts authorised asset-blocking measures of up to R$154 million against six individuals and five companies; the investigation identified R$38.5 million in monitored bank transactions.

The investigation and asset-blocking measures raise enforcement and financial exposure for businesses linked to the platforms.

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Regulation

São Paulo judge rejects lawyer’s R$163m claim for betting losses

A São Paulo judge rejected lawyer Willer Tomaz’s R$163m claim for reimbursement of betting losses. The judge considered that Tomaz had accepted the risk of betting.

A São Paulo court has rejected a claim by lawyer Willer Tomaz for reimbursement of R$163m he says he lost betting on the Blaze platform, according to a ruling by judge Guilherme Madeira Dezem of the 44th Civil Court of São Paulo. The judge held that Tomaz had assumed the risk of betting and was not a passive bettor. Tomaz is also under investigation by the Federal Police (PF) on suspicion of using betting to launder money.

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