🇧🇷 Caught by Surprise: Betting Giants Face 🗓️ Strict Deadline and US$5.2 million Fee to Operate Legally in Brazil!

🇧🇷 Caught by Surprise: Betting Giants Face 🗓️ Strict Deadline and US$5.2 million Fee to Operate Legally in Brazil!

💙 The Ministry of Finance has notified betting operators about the payment of US$5.2 million (approximately R$30 million reais) and proof of legal origin of funds. Operators have 30 days to meet the requirements, otherwise their applications will be archived. As part of intensified enforcement, more than 5,000 illegal gambling domains have already been blocked in Brazil.
Among those notified are major names such as Entain and Betsson.

💙 Highlights

💙 High Fee: A mandatory payment of R$30 million and proof of equivalent capital.

💙 Strict Compliance: Documentation proving the legal origin of funds is required.

💙 Tight Deadline: A non-extendable 30-day period to comply with the requirements.

💙 Fighting Illegal Gambling: More than 5,000 domains blocked.

💙 Future Milestone: Official list of operators will be released in December.

💙 The blocking process began on October 11, when Anatel was instructed to block 2,040 gambling sites, including well-known operators such as Boylesports and Tabcorp.

#BettingRegulation #LegalGames #BettingInnovation

🏦 Payouter.com — looking for traders for processing in 🇮🇳 India: P2P, P2C, Intent. We are waiting for you