The Central Bank (BC) started this Thursday (21) a new monitoring system aimed at illegal betting and unauthorized online games in Brazil.
The measure targets online betting platforms that operate without a federal license, as well as companies suspected of intermediating payments for irregular operators. The objective is to expand the financial tracking of these activities and strengthen the fight against the clandestine betting market in the country.
Monitoring depends on adaptations made by financial institutions regulated by the BC. The deadline for joining started immediately and will continue until December 1st.
Under the new rules, banks and payment institutions must pass on information related to users who make deposits on illegal platforms. The system will also identify companies involved in intermediating these payments.
The appointments will take place through the Fraud Marker system, already used by the Central Bank to alert fraud related to Pix. According to the agency, the data will remain protected confidentially, as determined by the General Data Protection Law (LGPD).
How monitoring illegal bets will work
The new model provides for the creation of specific markings to identify possible financial connections with the illegal betting market. In this way, the Central Bank intends to track payment chains linked to operators without federal authorization.
The rules published by the BC also determine that financial institutions begin, by October 30th, monitoring transactions involving cryptoactives used by illegal bets.
Subsequently, until December 1st, institutions must expand supervision to all financial transactions associated with accounts suspected of being linked to irregular platforms.
On the same day the new measures were announced, the Federal Audit Court (TCU) pointed out “systemic deficiencies” in the Ministry of Finance’s supervision of the illegal betting market.
According to a report cited by the court, the clandestine betting market generates between R$26 billion and R$40 billion per year. The value represents between 41% and 51% of all money allocated to the gaming sector in Brazil.
The data is part of a study by LCA Consultores, contracted by companies in the sector and later reviewed by the TCU.
