Brazil’s Lula Signs Decree to Freeze Illegal Betting Platform Funds
12 Articles
12 Articles
Brazil’s president, Luiz Inácio Lula da Silva, signed a decree this Friday that obliges banks to seize the resources linked to digital gambling houses that operate without official authorization, in a new offensive against the illegal market of so-called ‘bets’. The measure regulates mechanisms provided for in the so-called Anti-Mafia Law and aims to prevent the circulation of resources from clandestine betting platforms, which, after their emba…
Finance Minister Dario Durigan announced this Friday (19) the publication of a decree aimed at blocking the assets of illegal betting companies. The frozen assets will be allocated to the National Public Security Fund, with the help of financial institutions. “The Ministry of Finance and the Ministry of Justice will, administratively, preventively block assets that come from irresponsible gambling. The Finance Ministry has been building this in…
Brazil seeks to conquer Latino tourists with its natural landscapes and sustainable proposalsOn Friday, Brazil's president, Luiz Inácio Lula da Silva, signed a decree that obliges banks to block and seize the funds of unlicensed gambling companies, in a new blow against the illegal market of so-called 'bets'.This measure regulates the mechanisms provided for in the so-called 'Anti-Mafia Law' and aims to prevent the circulation of resources from …
President Luiz Inácio Lula da Silva (PT) signed a decree this Friday (June 19, 2026) allocating the financial resources from illegal betting to the National Public Security Fund. In a video posted on his Instagram profile, the president stated that the government will "combat illegal betting in this country in every possible way." The measure is a partnership between the Ministry of Finance and the Ministry of Justice and Public Security. Accord…
After operation against group that moved R$ 50 billion, president toughens rules for illegal bets
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