Brazil: Adopted MOF order blocking an additional 1'443 illegal betting sites in Brazil

On 31 October 2024, The Ministry of Finance (MOF) blocked an additional 1,443 illegal betting sites in Brazil, which do not appear on its authorized list, as determined by the monitoring conducted by the Prizes and Betting Secretariat (SPA). This follows the initial adoption of the order on 10 October 2024, when the MOF blocked over two thousand sites. The order emphasised that only companies published on the Ministry's authorised list will be able to operate in Brazil. Currently, this list contains 100 companies. The order aims to ensure compliance with existing laws on regulating fixed-odds betting. The order also clarified that bookmakers must pay a grant of BRL 30 million to operate in Brazil's regulated betting market starting 1 January 2025 and comply with rules against fraud, money laundering, and abusive advertising. The order also clarifies that companies not on the positive list must submit documentation for permanent authorisation.