A report by Folha de S.Paulo reveals that among the ten largest banks, Bradesco and Banco do Brasil allow the operation. A 2025 SPA-MF rule stipulates that bettors must pay with Pix (Brazil's instant payment system) upfront to avoid debt.
Resolution No. 569 of the Central Bank of Brazil, published this Tuesday, modifies a 2023 regulation and expands the exchange of information on fraud between financial institutions in the country; see the full text of the regulation.
The opinion of the former Chief of Staff contradicts the prevailing narrative of the Workers' Party, which attempts to demonize sports betting platforms as responsible for the increase in debt among the Brazilian population; watch the video.
A small financial institution in Goiás is the target of a police investigation by DEIC-SP (Department of Criminal Investigations of São Paulo) that is investigating the use of intermediary companies to facilitate transactions on illegal betting websites.
A study by LCA Consultoria released in Brasília this Tuesday (14) challenges the government's narrative and points out that spending on bets is 10 times less than commitment to interest. The survey also indicates that the 5,2% default rate is related to expensive credit and lack of financial education among the population; check out the study.
The self-regulation initiative has been joined by 25 institutions representing 90% of banks with deposit accounts in the country. "Dummy" and "cold" accounts will receive differentiated treatment.