“I’m not aware of any country currently as capable as Brazil in facing this problem. Our biggest issue is crime, which uses gaming platforms to steal money,” Minister Fernando Haddad stated in a press briefing held alongside Health Minister Alexandre Padilha.
“We know this, and there will be developments very soon,” Haddad said, without detailing what measures will be taken.
“Organized crime takes advantage of every loophole, such as certain fintechs and some betting platforms, which end up serving as vehicles for money laundering and asset concealment. This worries us greatly,” he added, without specifying whether he was referring to regulated sports betting and online gaming companies or those operating illegally.
Haddad also said that if crimes involving betting platforms are identified, the Ministry of Justice will be notified. He further stated that Congress is aware of the need for new regulations related to sports betting, including in the advertising sphere. “We must move forward on regulating advertising. Congress is concerned about this,” he said.
Haddad added that the U.S. Embassy has requested access to documents from Operation Poço de Lobato, which targeted a financial scheme involving organized crime and investments in the state of Delaware.
Source: GMB
