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VF Digital ends commercial partnership with Blaze after MPDFT case

Deals & M&A

VF Digital said it ended its commercial partnership with betting platform Blaze on 21 August, according to a media report. The decision followed a civil action brought by the Federal District and Territories Public Prosecutor’s Office (MPDFT) against Virginia Fonseca and the company over alleged abusive betting advertising; the case remains in court.

The partnership ended after an advertising case was brought, while the case remains in court.

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Regulation

Brazil police investigate lawyer over R$6.6bn Blaze betting turnover

Brazil's Federal Police are investigating lawyer Willer Tomaz over suspicious financial transactions involving online gambling platforms. Court documents obtained by CNN Brasil show Tomaz wagered R$6.6bn ($1.3bn) on Blaze, making more than 53,000 bets with net losses of about $29m. A Finance Ministry report alleged Blaze failed to adequately scrutinise his betting activity; Blaze said it complies with regulations and monitors transactions rigorously, while Tomaz says his funds were legally obtained and disputes the government's figures.

Brazil's Federal Police are examining lawyer Willer Tomaz over financial transactions tied to online gambling platforms that they consider suspicious, court documents obtained by CNN Brasil indicate. The records, raise the possibility that certain transactions served to conceal money movements. According to those documents, Tomaz's play on Blaze casino games alone reached R$6.6bn ($1.3bn), with net losses of roughly $29m across a betting volume exceeding 53,000 wagers.

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