A new survey reported by Pay4Fun in Brazil revealed that 483 bank accounts were closed due to activities related to illegal gambling in the country.
The company asked permission to examine the Access to Information Law for the Ministry of Finance and concluded that this data shows how technology works towards a safer national market.
The accounts were closed after the identification of atypical transactions and, also, when activities related to money laundering involving platforms operating illegally.
These findings indicate that the financial sector is strengthening oversight mechanisms and applying stricter criteria when suspicious flows occur, especially when they involve unregulated platforms that operate outside Brazil's legal and fiscal framework.
Leonardo Batista, Pay4Fun's CEO, stated: "The closure of these accounts shows that payment methods are pillars of the regulated ecosystem."
"Without access to the financial system, illegal operations cease to be sustainable."
By March this year, the Secretariat of Prizes and Betting (SPA), Brazil's gaming regulator, determined that banks should strengthen oversight on consumers that engage with illegal operators, in an effort to curb irregularities.
The SPA's guidelines require rapid communication of suspicious activities, the blocking of transactions and the termination of relationships with clients who receive funds from unlawful gambling.
"Since January 2025, only platforms with the '.bet.br' domain are authorized. Websites with international domains or prohibited payment methods, without identity verification or with marketing campaigns that guarantee profit, indicate irregular operations," warned Batista.
Government scrutiny of illegal operators continues to intensify, although the Fortune Tiger incident on a federal website shows there is still significant work ahead to ensure consistent oversight.
The data released through the request represents one of the clearest signals to date that enforcement is advancing.
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