Brazil Can Now Freeze Illegal Betting Operators’ Funds, Not Just Block Sites
Brazil’s Decree 13,033, signed June 19, lets regulators freeze unlicensed betting operators’ bank accounts. Banks must block flagged accounts within 24 hours and confirm within 48 hours, with the Central Bank supervising. Forfeited funds go to the National Public Security Fund; 350 operators and 37 banks are already flagged. From web blocks to frozen accounts…