In Brazil, the Central Bank has introduced an update to its regulatory framework aimed at combating illegal betting activities. On May 21, 2026, Resolution BCB No. 569/2026 was signed by the Director of Regulations, Gilneu Francisco Astolfi Vivan. This resolution modifies previous regulations set in October 2023, specifically altering the procedures for sharing information regarding fraudulent activities involving unauthorized betting operators. This regulatory move is crucial as it strengthens oversight and enhances the integrity of Brazil’s financial systems in dealing with the pervasive issue of illegal gambling.
Under the revised framework, Article 24-A of Law No. 14.790/2023, which governs the fixed-odds betting market, provides the legal foundation for these amendments. Consequently, financial institutions within Brazil are now mandated to share data concerning fraudulent activities linked to illegal betting operations. This requirement extends to sharing details with other financial entities when providing services to unregulated betting operators. By mandating such disclosure, the Central Bank aims to better identify these illicit entities and curb their financial transactions.
The newly implemented regulation specifies that any suspicious activities must be explicitly identified as involving illegal betting operators. This stipulation is designed to enhance the detection and investigation processes carried out by financial service providers who encounter such transactions. By doing so, the Central Bank expects to bolster the effectiveness and reliability of Brazil’s financial system in tackling illegal betting.
A series of compliance deadlines have also been introduced alongside the information-sharing obligations. Financial institutions are given until October 30, 2026, to adapt to the measures concerning illegal virtual asset services in Brazil’s financial and betting market. For fraudulent activities related to illegal financial and payment services provided to betting operators, institutions must meet the compliance requirements by December 1, 2026.
Despite these regulatory efforts, illegal betting remains a prevalent issue in Brazil. Even with the introduction of frameworks to regulate the betting industry, authorities continue to grapple with significant challenges. Unlicensed operators and illicit transactions are estimated to represent a substantial portion of the betting market, underscoring the persistent difficulties faced by regulators.
Recent months have witnessed intensified actions by regulators and law enforcement to combat illegal advertising, transactions, and operations by unlicensed betting operators. These efforts are part of a broader campaign to enforce compliance and uphold the legal standards in Brazil’s gambling industry, which remains a focal point for regulatory authorities.
Looking ahead, financial institutions are expected to adhere to the set timelines to ensure compliance with the new regulations. The Central Bank’s latest measures aim to fortify the nation’s financial infrastructure against illegal betting operations. As the deadlines approach, the industry will be closely monitored to assess the effectiveness of these regulations and their impact on the prevalence of illegal betting activities in Brazil. The ongoing commitment of regulatory bodies to enforce these measures will be crucial in shaping the future landscape of Brazil’s gambling market.
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