Brazilian illegal casinos are exploiting low-regulation payment institutions, with the Treasury intensifying monitoring and enforcement.
The Brazilian Ministry of Finance's Secretariat of Prizes and Lotteries (SPA) reports that illegal casinos are using payment institutions (PIs) that operate below the Central Bank's regulatory threshold to transfer funds, with some platforms remaining active despite operational blocks.Regis Dudena,
IBJR Warning: Excessive Taxation Will Harm Brazil's Online Gambling Market, Stimulating Underground Gambling Expansion
In response to the federal government's proposed increase in taxes on sports betting and online gaming, Fernando Vieira, the Executive Chairman of the Brazilian Responsible Gaming Association (IBJR), told Focus Gaming News that excessively high taxes could backfire, weakening industry revenue and dr
The Brazilian government discusses with representatives of the gambling industry to combat the illegal sports betting market, analyzing the risks of single-event betting.
At a meeting of the Standing Committee on Sports Betting Regulation, government officials and representatives of the sports betting industry discussed combating the illegal betting market. The meeting focused on reviewing the Bill No. 2842/2023 proposed by Federal Congressman Ricardo Aires (Republic
Brazilian Finance Minister Haddad supports the legalization of casinos and bingo games: says it helps tourism development.
Despite his critical stance on online gambling, Brazilian Finance Minister Fernando Haddad openly supports the legalization of physical casinos and bingo halls. In an interview with Canal Livre TV, Haddad used gambling regulation as an example to discuss the potential and advantages of physical gamb
São Paulo Football Association strengthens measures to combat match manipulation and illegal betting.
The São Paulo Football Federation (FPF) has recently strengthened its security policies against match manipulation and illegal betting. The "Prevention and Combat of Match Manipulation Strategic Plan" includes a series of continuous education activities and training sessions for clubs, athletes, ref
IBJR warns the Brazilian Congress: Increasing gambling taxes will only fuel the illegal market.
The Brazilian Responsible Gambling Association (IBJR) warned this week at Senate and House hearings that simply raising taxes on gambling companies will not solve the national deficit issue, but may instead drive gamblers towards the underground market. IBJR emphasized that the government should foc
The Brazilian illegal gambling market has been severely exaggerated, which may lead to new regulatory restrictions.
H2 Gambling Capital Managing Director Ed Birkin warned that exaggerating the size of Brazil's illegal gambling market could lead to the government implementing stricter restrictions. Due to different estimates of the illegal market size, Birkin believes that inaccurate figures might backfire, puttin
MC Games joins hands with Brazilian producers, making their debut on the Recife live entertainment stage.
MC Games announced a partnership with the event production company Agência Delux in Pernambuco, marking the brand's first official entry into the Brazilian live entertainment sector.According to the agreement, MC Games will integrate its brand with a series of festivals in the region, including the
The Brazilian government has launched an investigation into 35 gambling companies for illegally offering betting on youth football matches.
The Brazilian government has recently initiated administrative investigations against 35 gambling companies accused of illegally offering and selling betting services for the São Paulo Youth Football Cup (Copinha) — a youth championship organized by the São Paulo Football Federation. This news was f
Pragmatic Play joins forces with TQJ to enter Brazil, enhancing Bet do Milhão game content.
Pragmatic Play recently partnered with Brazilian operator Todos Querem Jogar (TQJ) to integrate its slot machines, live casino, and virtual sports products into TQJ's platform Bet do Milhão, further expanding into the regulated Brazilian gambling market.Under the agreement, Pragmatic Play will provi
EveryMatrix Joins CIBELAE, Deepening Its Layout in Latin American and Iberian Markets
EveryMatrix, a global leader in B2B gambling technology, recently announced its membership in CIBELAE (Ibero-American Association of Lotteries and Betting), a regional branch of the World Lottery Association for Spanish and Portuguese-speaking regions, representing 80 countries across Latin America,
Brazil's Cryptocurrency Gambling Ban: Opportunities and Challenges Under Regulatory Transformation
Brazil's online gambling market is undergoing profound reshaping. After the regulated iGaming framework officially takes effect in early 2025, cryptocurrency gambling, previously a "gray area" trend, will be explicitly prohibited.While this ban closes the door on crypto payments, it also highlights
The Brazilian women's soccer betting market is rapidly emerging as a new growth point in the gambling industry.
According to a recent survey by Grupo Globo, women's football has become the second most popular betting item in Brazil, second only to men's football. The data shows that 31% of bettors have participated in betting on women's events, while the proportion for men's football is 76%. This trend reflec
Playson partners with Salsa Technology to expand the Brazilian iGaming market.
iGaming content provider Playson has recently partnered with Salsa Technology to integrate its gaming products into the Salsa Gator aggregation platform, further expanding into the regulated gambling market in Brazil. According to the agreement, Playson will join the ranks of over 110 suppliers alre
Brazil's gambling tax reform enters a critical phase, with the reporter planning to submit a revised proposal in September.
Adjustments to Brazil's sports betting and related tax policies are expected to make significant progress in September. The joint congressional committee responsible for the provisional measure MP 1303/25 (also known as the "BBB Tax MP," involving banks, betting companies, and high-income individual
