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Brazil puts banks and technology platforms at centre of betting crackdown

Our write-up of a story first reported by G3 Newswire

Brazil puts banks and technology platforms at centre of betting crackdown

Brazil has banned fixed-odds betting nationwide and placed the burden of enforcement on banks, payment institutions, telecoms, app stores and internet platforms. Licensed betting sites and apps will become unavailable from 6 October 2026; any offer of betting to Brazilian residents after that date is illegal, including from abroad.

The finance and justice ministries may now order blocking and redirection of unlawful sites. Communications regulator Anatel will distribute blocking requests among internet service providers. App stores and OS providers must remove betting apps on government demand. Internet platforms must prevent advertising of illegal betting and take down violating content after notification.

The main lever is financial. Banks, payment institutions and payment-system participants are barred from processing transactions related to fixed-odds betting, except refunds to customers of closing legal operators. The central bank will create a data-exchange system so financial institutions can identify and reject such transactions, returning funds to the sender.

Finance minister Dario Durigan said the regulated market had included 85 authorised operators running around 180 brands. Operators who stay online past the deadline face site blocking, financial-flow tracing and action against funds tied to illegal activity. Since 2024 authorities have blocked more than 60,000 betting pages.

Violators of transitional obligations face fines up to 2 billion reais under law 14.790. Failing to provide funds and information for customer refunds carries 200,000 reais per day. Internet platforms and app stores may be fined up to 10% of Brazilian revenue, capped at 50 million reais per violation; repeat cases bring suspension or a ban from operating in the country.

The government has also introduced a bill criminalising betting operations: four to six years for organising wagers, including from abroad, and two to four years plus fines for advertising and facilitating transactions.

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