TLDR
- Brazil’s Central Bank issued Resolution BCB No. 569/2026, updating rules on illegal betting prevention
- Financial institutions must now share fraud data linked to unlicensed betting operators
- New information-sharing requirements must clearly identify ties to illegal betting activity
- Compliance deadlines are set for October 30 and December 1, 2026
- Illegal operators still account for nearly half of all betting transactions in Brazil
New Rules Force Banks to Share Data on Illegal Betting
The Central Bank of Brazil has introduced new regulations aimed at cracking down on illegal betting operators across the country. Resolution BCB No. 569/2026 was signed by Director of Regulations Gilneu Francisco Astolfi Vivan.
The resolution amends an earlier rule, Resolution BCB No. 343, which was enacted in October 2023. The changes focus on how financial institutions share information about fraud tied to unauthorized betting companies.
Under the updated framework, banks and payment providers in Brazil are now required to report fraud cases involving unlicensed betting operators. This applies when institutions detect that they are providing financial services to persons or organizations running unregulated betting businesses.
The legal basis for the new rule comes from Article 24-A of Law No. 14.790/2023. That law regulates the fixed-odds betting market in Brazil.
One key change is that institutions must now clearly state when suspicious activity is connected to illegal betting. Previously, there was less specificity required in how fraud cases were categorized.
The Central Bank said the measure is designed to improve how cases involving illegal operators are identified and investigated. The goal is to make the financial system more efficient in catching bad actors.
Compliance Deadlines Give Institutions Months to Prepare
The regulation includes two separate compliance deadlines for financial institutions. For transactions tied to illegal virtual asset services in the betting market, all measures must be adopted by October 30, 2026.
For fraudulent activities involving illegal financial and payment services provided to betting operators, the deadline extends to December 1, 2026. This gives institutions additional time to adjust their internal processes.
The staggered deadlines reflect the complexity of the different types of transactions involved. Institutions will need to update their reporting systems to meet the new requirements.
Brazil’s betting market was formally regulated under the 2023 law, but enforcement has been an ongoing challenge. Authorities have struggled to bring all operators into compliance.
Illegal betting remains widespread in the country. According to current estimates, unlicensed operators and their transactions still make up nearly half of all activity in Brazil’s betting market.
Over recent months, regulators and law enforcement have stepped up efforts against illegal advertising and operations by unauthorized betting companies. The new Central Bank rule adds another layer to that enforcement push.
The Central Bank believes that requiring banks to share more detailed information will help authorities track and shut down illegal operators more effectively. The rule is part of a broader effort to clean up Brazil’s fast-growing betting industry.
Brazil’s regulated betting market has expanded rapidly since legalization, but the persistence of illegal operators continues to pose challenges for both regulators and licensed companies.
The new compliance deadlines of October and December 2026 now set the next major milestones for Brazil’s financial institutions in this ongoing enforcement effort.
