IBOV 177,866 ▲ 2.97% IPSA 11,057 ▲ 0.28% IPC MEX 66,496 ▲ 0.59% MERVAL 3,280,224 ▲ 2.43% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,194.27 ▲ 1.29% USD/BRL5.11▼ 0.17% USD/MXN17.46▼ 0.49% USD/CLP923.90▼ 0.41% USD/COP3,240▼ 3.09% USD/PEN3.39▼ 0.31% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.20% USD/PYG6,055▲ 1.53% USD/BOB10.14▲ 4.01% USD/DOP58.48▼ 0.12% USD/CRC448.82▲ 1.40% USD/GTQ7.63▲ 2.28% USD/HNL26.72▲ 1.50% USD/NIO 36.62 — 0.00% USD/VES707.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.07▲ 0.80% USD/TTD6.75▲ 1.32% EUR/BRL5.83▼ 1.07% BRENT 76.01 ▼ 0.38% WTI 71.41 ▼ 0.93% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.08% GOLD 4,114 ▼ 0.41% SILVER 60.17 ▼ 0.35% SOY 1,191 ▲ 0.93% CORN 461.00 ▲ 7.77% WHEAT 640.25 ▲ 4.74% COFFEE 318.60 ▼ 10.74% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 6,100 ▼ 3.31% BEEF 235.20 ▼ 0.02% CATTLE 354.60 ▼ 0.44% LITHIUM 72.32 ▼ 0.69% PETR4 39.65 ▲ 1.12% VALE3 74.18 ▲ 1.41% ITUB4 44.30 ▲ 4.02% BBDC4 18.86 ▲ 4.78% ABEV3 15.82 ▲ 0.64% BBAS3 20.58 ▲ 2.90% B3SA3 15.42 ▲ 4.26% WEGE3 46.51 ▲ 1.68% PRIO3 55.45 ▼ 0.29% SUZB3 41.55 ▲ 1.27% RENT3 41.10 ▲ 4.31% AZZA3 19.10 ▲ 3.47% CSAN3 4.07 ▲ 5.44% RAIZ4 0.35 ▼ 5.41% PCAR3 2.73 ▼ 1.09% GMAT3 3.97 ▲ 1.02% PSSA3 54.97 ▲ 3.04% CVCB3 1.25 — 0.00% POSI3 3.97 ▲ 3.12% SLCE3 14.02 ▲ 1.67% NATU3 8.68 ▲ 2.60% BRKM5 6.63 ▲ 4.25% RANI3 8.01 ▲ 1.91% CSNA3 5.18 ▲ 7.92% CMIN3 5.23 ▲ 8.28% USIM5 8.45 ▲ 1.20% GGBR4 23.01 ▲ 2.36% ENEV3 27.55 ▲ 5.15% CPFE3 47.87 ▲ 3.41% CMIG4 11.38 ▲ 2.71% EQTL3 40.91 ▲ 3.54% LREN3 14.62 ▲ 3.32% VIVT3 35.75 ▲ 3.62% RAIL3 14.36 ▲ 4.44% KLABIN 17.54 ▲ 0.80% RAIA DROGASIL 18.77 ▲ 3.53% RDOR3 36.02 ▲ 2.48% HAPV3 10.60 ▲ 5.26% FLRY3 16.42 ▲ 4.25% SMTO3 16.37 ▲ 1.99% UGPA3 30.71 ▲ 2.03% VBBR3 33.00 ▲ 2.80% BBSE3 40.35 ▲ 2.72% BPAC11 58.73 ▲ 5.48% CURY3 34.21 ▲ 4.62% AERI3 2.09 ▲ 1.46% VIVARA 23.53 ▲ 4.21% COMPASS 25.50 ▲ 3.32% VAMOS 3.06 ▲ 3.38% SANB11 27.62 ▲ 5.22% ASAI3 8.87 ▲ 4.85% SBSP3 31.11 ▲ 3.70% WALMEX 49.31 ▲ 0.59% GMEXICO 198.62 ▲ 1.68% FEMSA 223.20 ▲ 0.37% CEMEX 21.82 ▲ 0.51% GFNORTE 186.51 ▲ 0.63% BIMBO 56.06 ▲ 0.23% TELEVISA 9.74 ▲ 2.63% AMX 22.70 ▲ 0.27% GAP 412.01 ▼ 0.41% ASUR 285.12 ▲ 0.53% OMA 235.73 ▼ 0.95% KOF 182.08 ▲ 0.65% GRUMA 282.99 ▲ 0.14% KIMBER 38.13 ▼ 0.81% SQM-B 67,750 ▼ 1.95% COPEC 6,139 ▲ 1.98% BSANTANDER 79.00 ▲ 1.94% FALABELLA 5,905 ▲ 0.92% ENELAM 85.40 ▲ 1.47% CENCOSUD 2,045 ▼ 0.55% CMPC 1,109 ▲ 1.32% BANCO CHILE 188.88 ▲ 1.01% LATAM AIR 26.26 ▼ 0.53% YPF 74,450 ▼ 1.75% GGAL 8,350 ▲ 5.96% PAMPA 5,185 ▼ 0.38% TXAR 671.00 ▲ 0.98% ALUAR 978.00 ▲ 0.98% TGS 9,610 ▲ 3.22% CEPU 2,405 ▲ 3.89% MIRGOR 17,375 ▲ 1.02% COME 45.90 ▲ 1.06% LOMA NEGRA 3,583 ▲ 2.43% BYMA 314.00 ▲ 1.37% TELECOM ARG 4,248 ▲ 3.09% ECOPETROL 15.59 ▲ 1.27% BANCOLOMBIA 82.95 ▲ 2.50% GRUPO AVAL 5.08 ▲ 1.20% CREDICORP 400.81 ▲ 2.27% SOUTHERN COPPER 175.83 ▲ 0.80% BUENAVENTURA 30.00 ▲ 1.52% MERCADOLIBRE 1,852 ▲ 2.46% NUBANK 13.76 ▲ 0.66% XP 16.92 ▲ 3.11% PAGSEGURO 9.25 ▲ 2.78% STONE 11.21 ▲ 2.28% GLOBANT 29.96 ▼ 4.25% TECNOGLASS 43.90 ▲ 1.76% GAP AIRPORT 235.64 ▲ 0.50% ASUR 285.12 ▲ 0.53% OMA AIRPORT 108.09 ▼ 0.22% AMX ADR 26.04 ▲ 0.77% FEMSA ADR 127.70 ▲ 0.55% CEMEX ADR 12.48 ▲ 0.89% PETROBRAS ADR 17.32 ▲ 1.70% VALE ADR 14.46 ▲ 1.69% ITAU ADR 8.62 ▲ 4.11% SANTANDER BR 5.39 ▲ 4.86% AMBEV ADR 3.07 ▲ 0.99% CSN 1.01 ▲ 5.79% GERDAU 4.50 ▲ 2.04% LATAM ADR 56.45 ▼ 1.03% BTC 63,808 ▲ 0.01% ETH 1,798 ▲ 0.56% SOL 76.67 ▼ 0.20% XRP 1.09 ▼ 0.38% BNB 573.64 ▼ 0.22% ADA 0.16 ▼ 1.37% DOGE 0.07 ▼ 0.45% AVAX 6.40 ▼ 2.33% LINK 8.02 ▲ 1.16% DOT 0.85 ▼ 0.95% LTC 44.49 ▼ 0.46% BCH 244.42 ▲ 0.01% TRX 0.33 ▲ 0.11% XLM 0.19 ▼ 0.56% HBAR 0.07 ▼ 1.27% NEAR 1.88 ▲ 0.63% ATOM 1.56 ▼ 1.31% AAVE 97.66 ▼ 0.58% SELIC 14.25% EMBRAER 84.60 ▲ 0.88% EMBRAER ADR 66.01 ▲ 0.72% JBS 11.91 ▲ 1.53% JBS BDR 60.78 ▲ 1.22% MBRF3 15.55 ▲ 0.91% MBRFY 2.97 ▼ 1.00% INTER 5.82 ▲ 1.93% EGX 52,298 ▲ 0.52% USD/ZAR16.35— 0.00% USD/NGN1,376▼ 0.12% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY161.67▼ 0.44% USD/CNY6.77▼ 0.15% DAX 25,067 ▼ 0.20% CAC 8,339 ▲ 0.15% FTSE 10,497 ▲ 0.24% MIB 52,614 ▲ 0.44% IBEX 19,385 ▲ 0.32% STOXX 641.10 ▲ 0.04% EUR/USD1.14▼ 0.10% GBP/USD1.34▼ 0.11% SPX 7,575 ▲ 0.42% DJI 52,637 ▲ 0.29% NDX 29,825 ▲ 0.33% RUT 2,978 ▼ 0.49% TSX 35,305 ▲ 0.30% VIX 15.03 ▼ 5.11% USD/CAD1.42— 0.00% US10Y 4.5690 ▲ 0.66% IBOV 177,866 ▲ 2.97% IPSA 11,057 ▲ 0.28% IPC MEX 66,496 ▲ 0.59% MERVAL 3,280,224 ▲ 2.43% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,194.27 ▲ 1.29% USD/BRL 5.11 ▼ 0.17% USD/MXN 17.46 ▼ 0.49% USD/CLP 923.90 ▼ 0.41% USD/COP 3,240 ▼ 3.09% USD/PEN 3.39 ▼ 0.31% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.22 ▲ 1.20% USD/PYG 6,055 ▲ 1.53% USD/BOB 10.14 ▲ 4.01% USD/DOP 58.48 ▼ 0.12% USD/CRC 448.82 ▲ 1.40% USD/GTQ 7.63 ▲ 2.28% USD/HNL 26.72 ▲ 1.50% USD/NIO 36.62 — 0.00% USD/VES 707.92 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.07 ▲ 0.39% USD/TTD 6.75 ▲ 1.44% EUR/BRL 5.83 ▼ 1.07% BRENT 76.01 ▼ 0.38% WTI 71.41 ▼ 0.93% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.08% GOLD 4,114 ▼ 0.41% SILVER 60.17 ▼ 0.35% SOY 1,191 ▲ 0.93% CORN 461.00 ▲ 7.77% WHEAT 640.25 ▲ 4.74% COFFEE 318.60 ▼ 10.74% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 6,100 ▼ 3.31% BEEF 235.20 ▼ 0.02% CATTLE 354.60 ▼ 0.44% LITHIUM 72.32 ▼ 0.69% PETR4 39.65 ▲ 1.12% VALE3 74.18 ▲ 1.41% ITUB4 44.30 ▲ 4.02% BBDC4 18.86 ▲ 4.78% ABEV3 15.82 ▲ 0.64% BBAS3 20.58 ▲ 2.90% B3SA3 15.42 ▲ 4.26% WEGE3 46.51 ▲ 1.68% PRIO3 55.45 ▼ 0.29% SUZB3 41.55 ▲ 1.27% RENT3 41.10 ▲ 4.31% AZZA3 19.10 ▲ 3.47% CSAN3 4.07 ▲ 5.44% RAIZ4 0.35 ▼ 5.41% PCAR3 2.73 ▼ 1.09% GMAT3 3.97 ▲ 1.02% PSSA3 54.97 ▲ 3.04% CVCB3 1.25 — 0.00% POSI3 3.97 ▲ 3.12% SLCE3 14.02 ▲ 1.67% NATU3 8.68 ▲ 2.60% BRKM5 6.63 ▲ 4.25% RANI3 8.01 ▲ 1.91% CSNA3 5.18 ▲ 7.92% CMIN3 5.23 ▲ 8.28% USIM5 8.45 ▲ 1.20% GGBR4 23.01 ▲ 2.36% ENEV3 27.55 ▲ 5.15% CPFE3 47.87 ▲ 3.41% CMIG4 11.38 ▲ 2.71% EQTL3 40.91 ▲ 3.54% LREN3 14.62 ▲ 3.32% VIVT3 35.75 ▲ 3.62% RAIL3 14.36 ▲ 4.44% KLABIN 17.54 ▲ 0.80% RAIA DROGASIL 18.77 ▲ 3.53% RDOR3 36.02 ▲ 2.48% HAPV3 10.60 ▲ 5.26% FLRY3 16.42 ▲ 4.25% SMTO3 16.37 ▲ 1.99% UGPA3 30.71 ▲ 2.03% VBBR3 33.00 ▲ 2.80% BBSE3 40.35 ▲ 2.72% BPAC11 58.73 ▲ 5.48% CURY3 34.21 ▲ 4.62% AERI3 2.09 ▲ 1.46% VIVARA 23.53 ▲ 4.21% COMPASS 25.50 ▲ 3.32% VAMOS 3.06 ▲ 3.38% SANB11 27.62 ▲ 5.22% ASAI3 8.87 ▲ 4.85% SBSP3 31.11 ▲ 3.70% WALMEX 49.31 ▲ 0.59% GMEXICO 198.62 ▲ 1.68% FEMSA 223.20 ▲ 0.37% CEMEX 21.82 ▲ 0.51% GFNORTE 186.51 ▲ 0.63% BIMBO 56.06 ▲ 0.23% TELEVISA 9.74 ▲ 2.63% AMX 22.70 ▲ 0.27% GAP 412.01 ▼ 0.41% ASUR 285.12 ▲ 0.53% OMA 235.73 ▼ 0.95% KOF 182.08 ▲ 0.65% GRUMA 282.99 ▲ 0.14% KIMBER 38.13 ▼ 0.81% SQM-B 67,750 ▼ 1.95% COPEC 6,139 ▲ 1.98% BSANTANDER 79.00 ▲ 1.94% FALABELLA 5,905 ▲ 0.92% ENELAM 85.40 ▲ 1.47% CENCOSUD 2,045 ▼ 0.55% CMPC 1,109 ▲ 1.32% BANCO CHILE 188.88 ▲ 1.01% LATAM AIR 26.26 ▼ 0.53% YPF 74,450 ▼ 1.75% GGAL 8,350 ▲ 5.96% PAMPA 5,185 ▼ 0.38% TXAR 671.00 ▲ 0.98% ALUAR 978.00 ▲ 0.98% TGS 9,610 ▲ 3.22% CEPU 2,405 ▲ 3.89% MIRGOR 17,375 ▲ 1.02% COME 45.90 ▲ 1.06% LOMA NEGRA 3,583 ▲ 2.43% BYMA 314.00 ▲ 1.37% TELECOM ARG 4,248 ▲ 3.09% ECOPETROL 15.59 ▲ 1.27% BANCOLOMBIA 82.95 ▲ 2.50% GRUPO AVAL 5.08 ▲ 1.20% CREDICORP 400.81 ▲ 2.27% SOUTHERN COPPER 175.83 ▲ 0.80% BUENAVENTURA 30.00 ▲ 1.52% MERCADOLIBRE 1,852 ▲ 2.46% NUBANK 13.76 ▲ 0.66% XP 16.92 ▲ 3.11% PAGSEGURO 9.25 ▲ 2.78% STONE 11.21 ▲ 2.28% GLOBANT 29.96 ▼ 4.25% TECNOGLASS 43.90 ▲ 1.76% GAP AIRPORT 235.64 ▲ 0.50% ASUR 285.12 ▲ 0.53% OMA AIRPORT 108.09 ▼ 0.22% AMX ADR 26.04 ▲ 0.77% FEMSA ADR 127.70 ▲ 0.55% CEMEX ADR 12.48 ▲ 0.89% PETROBRAS ADR 17.32 ▲ 1.70% VALE ADR 14.46 ▲ 1.69% ITAU ADR 8.62 ▲ 4.11% SANTANDER BR 5.39 ▲ 4.86% AMBEV ADR 3.07 ▲ 0.99% CSN 1.01 ▲ 5.79% GERDAU 4.50 ▲ 2.04% LATAM ADR 56.45 ▼ 1.03% BTC 63,808 ▲ 0.01% ETH 1,798 ▲ 0.56% SOL 76.67 ▼ 0.20% XRP 1.09 ▼ 0.38% BNB 573.64 ▼ 0.22% ADA 0.16 ▼ 1.37% DOGE 0.07 ▼ 0.45% AVAX 6.40 ▼ 2.33% LINK 8.02 ▲ 1.16% DOT 0.85 ▼ 0.95% LTC 44.49 ▼ 0.46% BCH 244.42 ▲ 0.01% TRX 0.33 ▲ 0.11% XLM 0.19 ▼ 0.56% HBAR 0.07 ▼ 1.27% NEAR 1.88 ▲ 0.63% ATOM 1.56 ▼ 1.31% AAVE 97.66 ▼ 0.58% 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since 2009
Sunday, July 12, 2026

Brazil Cuts 2.8 Million Welfare Recipients Off From Betting Sites

By · July 12, 2026 · 5 min read

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Policy

Key Facts

The block. Brazil’s finance ministry cut off about 2.8 million welfare recipients from licensed sports-betting sites.

The share. That is roughly 10.4% of the 27 million people who receive the Bolsa Família and BPC benefits.

The order. The move follows a Supreme Court ruling barring the use of social-programme money for betting.

The mechanism. Operators must check users against a government database every two weeks and close matching accounts.

The ads. A separate rule from 17 July requires warnings on all betting adverts and bans content that encourages gambling.

The scale. Some 25 million Brazilians tried betting at least once last year, making this one of the world’s biggest markets.

Brazil betting policy just took its most direct swing yet at the link between welfare and gambling. The government has severed millions of benefit recipients from the country’s licensed betting apps.

Brazil Cuts 2.8 Million Welfare Recipients Off From Betting Sites
Brazil blocked 2.8 million Bolsa Familia and BPC recipients from licensed betting sites, about 10% of the total, and set new ad limits from 17 July.

Online betting exploded across Brazil after the market was regulated in early 2025. It quickly became one of the largest in the world, and a growing worry for policymakers.

Now the state has acted on its sharpest concern. The finance ministry has blocked welfare recipients from the very platforms it licenses.

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What the Brazil betting block does

The numbers are large. The ministry cut off about two point eight million people who receive the Bolsa Família income transfer or the BPC disability and old-age benefit.

That is a meaningful slice of the whole. It amounts to roughly ten percent of the twenty-seven million people enrolled in the two programmes.

The rule is blanket, not selective. All twenty-seven million are now barred from opening betting accounts, and the two point eight million who already had one have had it shut.

Enforcement falls on the operators. They must check customers against a government database using their tax number, at sign-up and in periodic sweeps, and close any account that matches.

The checks run through the betting-management system that licensed operators already plug into. It tells each company, in real time, whether a given customer is cleared to bet or now sits on the blocked list.

Why the court forced the Brazil betting change

The trigger was a court order. Brazil’s Supreme Court ruled that money from social programmes must not end up funding bets.

The concern is concrete and well documented. Benefits meant for the country’s poorest households had been flowing, in part, to betting apps rather than to food and essentials.

The scale of the habit is striking. Officials estimate that some twenty-five million Brazilians placed at least one bet during last year alone.

New limits on advertising

The block arrives alongside a second measure. A rule published this week tightens how betting can be advertised, and it takes effect on the seventeenth of July.

The advertising limits are specific. Every betting advert must carry a warning, content that actively encourages gambling is banned, and penalties for firms that break the rules are stiffer.

The package was announced by the finance minister as part of a wider tightening. It signals that the government intends to police not just who bets, but how heavily the industry can market itself to everyone else.

There is a licensing dividing line running through all of this. Unlicensed operators pay no tax, skip the thirty-million-real fee legal firms owe, and stay outside the national self-exclusion system.

Benefit recipients can also opt out themselves. A self-exclusion tool on the government portal lets any citizen block their own access for a chosen period.

Live Market IntelligenceBrazil — Live Market BoardInside: market breadth, the sector heatmap, currencies & rates, the Latin America scoreboard and the full instrument board.

Rio Times · Live Market Intelligence

Brazil — Live Market Board

B3 · São Paulo
Jul 12, 2026 · 08:00

Ibovespa · benchmark
177,866
+2.97%
L 172,761day rangeH 177,866

+30.07% over 12 months

Market breadth · 15 names
93% advancing

14 ▲ advancing1 declining ▼

Currencies, rates & key inputs
USD / BRL
5.11
-0.17%

EUR / BRL
5.83
-1.07%

Selic rate
14.25%
·

Brent crude
76.01
-0.38%

Iron ore
161.91
·

Sector heatmap · average move today
Utilities
+5.15%
ENEV3

Financials
+3.99%
ITUB4, BBDC4, BBAS3, B3SA3

Mining
+3.90%
VALE3, CSNA3, GGBR4

Consumer Disc.
+3.47%
AZZA3

Industrials
+3.00%
WEGE3, RENT3

Materials
+1.27%
SUZB3

Consumer Staples
+0.64%
ABEV3

Energy
+0.42%
PETR4, PRIO3

Latin America scoreboard
IndexLastTodayStrength
IbovespaBrazil
177,866
+2.97%

S&P/BMV IPCMexico
66,496
+0.59%

S&P IPSAChile
11,057
+0.28%

S&P MERVALArgentina
3,280,224
+2.43%

MSCI COLCAPColombia
2,307.67
+0.65%

BVL S&P PerúPeru
56,194.27
+1.29%

Full instrument board
Instrument Last Change YoY Prev. High Low Volume
IBOV 177,866 +2.97% +30.07% 172,742 177,866 172,761
USD/BRL 5.11 -0.17% -8.50% 5.12 5.13 5.10
SELIC 14.25%
PETR4 39.65 +1.12% +22.98% 39.21 39.97 39.34 27,213,400
VALE3 74.18 +1.41% +34.19% 73.15 74.66 73.12 22,118,800
ITUB4 44.30 +4.02% +29.44% 42.59 44.34 43.23 28,691,300
BBDC4 18.86 +4.78% +16.85% 18.00 18.87 18.32 47,714,200
BBAS3 20.58 +2.90% -2.97% 20.00 20.67 20.25 24,323,000
B3SA3 15.42 +4.26% +9.44% 14.79 15.53 15.19 41,437,800
ABEV3 15.82 +0.64% +19.58% 15.72 15.99 15.72 34,764,700
WEGE3 46.51 +1.68% +16.57% 45.74 46.80 46.11 7,145,200
PRIO3 55.45 -0.29% +32.66% 55.61 56.29 55.04 6,818,400
SUZB3 41.55 +1.27% -16.65% 41.03 41.87 41.20 8,080,900
RENT3 41.10 +4.31% +7.45% 39.40 41.32 40.31 8,338,600
AZZA3 19.10 +3.47% -47.66% 18.46 19.30 18.81 1,703,700
CSNA3 5.18 +7.92% -37.82% 4.80 5.20 4.95 14,591,200
GGBR4 23.01 +2.36% +36.32% 22.48 23.10 22.58 10,449,600
ENEV3 27.55 +5.15% +107.61% 26.20 27.55 26.61 16,185,800

Largest moves today
CSNA3
5.18
+7.92%
ENEV3
27.55
+5.15%
BBDC4
18.86
+4.78%
RENT3
41.10
+4.31%
B3SA3
15.42
+4.26%
ITUB4
44.30
+4.02%
AZZA3
19.10
+3.47%
IBOV
177,866
+2.97%

The session read
The Ibovespa rose 2.97%, with breadth positive — 14 of 15 names higher. Utilities led, while Energy lagged.

Why it matters

For the betting industry, this is a shrinking of the addressable market by decree. A regulator that can wall off ten percent of a social base overnight is one that shapes the sector’s ceiling directly.

For investors, the read is about regulatory direction. Brazil is moving from opening its betting market to actively policing who can use it, and advertisers now face real constraints.

There is an election-year layer too. Protecting welfare money from gambling losses is popular politics, and it lands in a year when the government is defending its record with poorer voters.

Frequently Asked Questions

Who exactly is blocked from betting in Brazil?

All twenty-seven million recipients of the Bolsa Família income transfer and the BPC benefit are now barred from opening betting accounts, and about two point eight million of them who already had accounts have had their access shut off, roughly a tenth of the total.

How is the block enforced?

Licensed operators must check customers against a government database using their tax number, both at sign-up and in checks every two weeks. When a user matches the benefit list, the company must block the account and return any deposited funds.

What changes for betting adverts?

From 17 July, all betting advertising must carry a warning, and content that encourages gambling is prohibited. The rules also raise penalties for companies that fail to comply.

Connected Coverage

Brazil Betting Boom Eats Into Family Spending on Clothes and Food

Brazil’s Betting Tax Will Pay Police Health Plans, Not Addiction Care

Brazilians Get 90% Discount on Debts If They Quit Online Betting

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