Brazilian government's new crackdown on illegal gambling: 9 accounts reported, 32 frozen, involved platforms may face hefty fines.

To strengthen the supervision of illegal gambling activities, the Lottery and Gambling Bureau (SPA) under the Ministry of Finance of Brazil recently announced that it has officially launched a mandatory reporting mechanism for banks and financial institutions, requiring them to report suspicious tra

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Brazil's Ministry of Finance takes action to regulate illegal gambling, financial institutions must report suspicious accounts within 24 hours.

According to Brazilian media, the Brazilian Ministry of Finance has issued new regulations, prohibiting financial institutions and payment platforms from providing account services to unauthorized fixed-odds betting companies, to strengthen the regulation of the industry and combat illegal operators

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Brazilian regulatory agency establishes a government task force to oversee industry tax requirements, ensuring that the legal gambling sector meets its tax obligations.

The Brazilian Prize and Betting Secretariat (SPA) has joined forces with the Federal Revenue Office (RFB) to ensure that the legal gambling industry meets its tax obligations.The gambling tax working group between SPA and RFB, named GTI-Bets, was established through Joint Ordinance No. 3 RFB/SPA/MF,

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A new decree issued by the Brazilian Awards and Betting Secretariat (SPA) imposes restrictions on gambling advertising to protect minors.

A new decree issued by the Bonus and Betting Secretariat (SPA) has immediately implemented a series of advertising measures, with only a few weeks left until the legal market is launched.Brazil's Normative Decree No. 1902 has immediately adopted a series of restrictions specified in July by Normativ

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Brazil still has over 2,000 illegal gambling websites, ANJL echoes Anatel's concerns about "ineffective" IP blocking.

The Brazilian National Association of Games and Lotteries (ANJL) revealed that there are still 2,000 illegal websites operating in Brazil. Previously, the chairman of the telecommunications regulatory agency (Anatel), Carlos Baigorri, had warned that blocking illegal gambling websites is an ineffici

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Aposta Ganha obtains Brazilian regulatory operating license, marking its step towards the newly structured Brazilian market.

Aposta Ganha has obtained a license from the Gambling Management System (Sigap) to operate within the regulated market in Brazil.The operational plan under this license is set to begin on January 1, 2025, but it must wait for the analysis to be completed by the Prize and Gambling Secretariat (SPA).A

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Betmotion celebrates its 16th anniversary, preparing to enter regulated markets.

To celebrate 16 years of market success, the online entertainment platform Betmotion is conducting a special promotion, offering players over 1 million Brazilian Reais in prizes. The anniversary promotion will continue until September 22, promising to provide users with exclusive prizes that will su

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Survey shows the impact of gambling on the Brazilian economy

Brazil is preparing to launch regulated online gambling in January 2025, a new survey by market research company Hibou found that 10% of the population has encountered financial problems due to gambling. The survey of 2,839 respondents from various social strata found that 68% gamble, with 16% facin

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Oddsgate supports regulatory and strengthens partnership in the Brazilian betting market

Regulatory oversight of Brazilian betting companies is continuously improving, with the licensing process now officially underway, allowing these companies to operate legally in the country. Oddsgate is always attentive to changes in the regulatory environment and moves forward alongside its partner

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