AI Summary
Sign in to listen

Brazil: SPA says new decree finally resolves uncertainty over illegal operators

A senior regulator says new measures finally clarify who is responsible for policing the financial networks behind Brazil’s illegal betting market.

1 min read
Fabio Macorin
Key Points
Authorities can now freeze assets linked to illegal betting operators
Regulators are preparing the next phase of oversight targeting game suppliers

Brazil’s latest crackdown on illegal betting operators is about more than freezing assets, it is also about finally clarifying who is responsible for policing the sector.

According to Fabio Macorin, Deputy Secretary of Prizes and Betting (SPA), the decree signed by President Lula da Silva last week closes a regulatory gap that had complicated enforcement efforts against illegal operators.

“Previously, it was unclear whether it was our responsibility or the Central Bank’s responsibility to supervise who was receiving money from illegal betting operators,” Macorin told a local news outlet.

The new framework formally places the SPA at the center of that process, giving the regulator authority to identify illegal operators and coordinate enforcement actions alongside the Central Bank, Federal Revenue Service and Ministry of Justice.

Industry groups including the IBJR and ANJL have welcomed the measures, arguing that illegal operators continue to represent one of the biggest threats to the regulated market.

Macorin said the strategy begins with website blocking but ultimately relies on cutting off the flow of money that allows illegal operators to survive. 

"We have robust regulation, but it's clear that a sector that has only recently become regulated can still improve. The idea is that the rules will be refined over the next few years," said Macorin.

On the same day the decree was signed, Finance Ministry officials revealed that more than 50,000 illegal websites linked to roughly 300 companies had already been taken offline.

The regulator is already looking ahead to its next target. 

Good to know

According to Justice Minister Wellington César Lima e Silva, more than 25 million Brazilians are still using unauthorized betting platforms 

Reaction Board

Set Global Gaming Insider to be your preferred search result

News Analysis

View All
dan new york

The rise and rise of Dan Taylor: What’s next for Flutter’s new CEO?

Taylor's promotion to Flutter Group CEO caps a six-year climb through the operator's International arm. But he inherits the top job at the most difficult possible time...

5 min read • • By Jack Found
Ethical-gaming-lead-image

Special report: The commercial perception and reality of ethical gambling today

In an in-depth report featuring multiple expert contributions, Global Gaming Insider unpicks the past, present and future of ethical gambling, examining what exactly it means to be a responsible actor in the modern gaming industry.

30 min read • • By Will Underwood
india flutter

India's online gaming ban: A forgotten factor behind Peter Jackson's Flutter exit

Dan Taylor's promotion to Group CEO has been framed almost entirely as Flutter's answer to Kalshi and the prediction-markets land grab. Rewind 12 months, however, and a very different story was unfolding – one already forgotten by many.

6 min read • • By Jack Found

In The News

View All
Clarity Act delay
[ELEVATED IMPORTANCE]

Clarity Act vote delayed until September by US Senate

Senate Majority Leader John Thune stated the vote will take place once lawmakers return from an August recess, with 60 votes required to advance the legislation prior to Midterm elections.

· Legal & Regulatory + 5