Financial regulation

Lula defends the end of online betting operations if they do not have a registered business name in the country.

Betting The 15.08.26

Lula defends the end of online betting operations if they do not have a registered business name in the country.

President questions the continued presence of betting platforms in Brazil and anticipates a clash with the "betting lobby" in the legislature.

George Santos, former US congressman of Brazilian descent, is under investigation for online betting fraud.

Betting The 01.08.26

George Santos: Former congressman fined in the US for manipulating bets; understand the situation.

Former congressman, son of Brazilians, used social media to scam bettors and earn US$17,5 in two weeks.

Durigan comments on "Conto da Sorte," a book investigating a scheme suspected of moving billions of Reais in illegal betting.

Betting The 20.07.26

Durigan charges Central Bank for oversight of fintech companies involved in betting and money laundering.

Finance Minister identifies 37 companies with evidence of involvement in illegal operations, even though oversight falls under the ministry's own jurisdiction.

National Expression Committee of the Chamber of Deputies debates new rules for betting advertising.

Betting The 15.07.26

National Expression Committee of the Chamber of Deputies debates new rules for betting advertising.

Members of Parliament and the president of IBJR debated the direction of online betting regulation in Brazil and the necessary limits to contain harm to society; watch the video.

Betting The 11.07.26

Durigan demands that the Central Bank make a 'supervisory effort' over fintechs to combat money laundering and their use in illegal betting operations.

Finance Minister points to "anarchy" and calls for swift oversight of companies involved in money laundering and illegal gambling.

Research identifies 25% of fictitious trades on Polymarket and reveals suspicious patterns in 14% of portfolios.

Betting The 02.07.26

Polymarket exposed for fake betting video campaign in the US.

A Wall Street Journal report reveals that the platform funded influencers to simulate earnings and deceive target audiences with fictitious amounts of up to US$1,9 million.

The Ministry of Finance publishes a decree for monitoring and inspecting the activities of gambling operators and their operators.

Betting The 01.07.26

The Finance Ministry establishes a new sanctions regime for commercial promotions and popular savings.

The ordinance regulates, for the first time, the procedure for commitment agreements and defines fines of up to 100% of the value of the prizes.

CMN approves blocking of illegal betting accounts and gives banks 24 hours to act.

Betting The 26.06.26

CMN approves blocking of illegal betting accounts and gives banks 24 hours to act.

Resolution expands the power of the Prizes and Betting Secretariat to prevent unauthorized betting transactions; measure comes into effect in August 2026; check the regulations.

Meta develops "Arena", a prediction market app focused on betting.

Betting The 24.06.26

Meta develops “Arena”, a prediction market app focused on betting.

A report by The New York Times reveals that Mark Zuckerberg is leading a project for an independent app that will function like Polymarket and Kalshi, targeting a market of US$130 billion/year.

'I lost control,' reveals to GLOBO the lawyer who caused R$ 30 million in losses in a betting scheme involving judges and civil servants.

Betting The 22.06.26

Payment fintechs rush to Brasília to renegotiate the crackdown on illegal betting.

The sector is seeking an agreement with the Prizes and Betting Secretariat to renegotiate account freezing rules and avoid collapse. Companies are looking to make the 24-hour deadline for freezing accounts and joint liability for tax debts more flexible.

financial regulation