Brazil bet ban: lawyer warns large bettor balances should not alone trigger money laundering probes
By The Weekly Edge desk ·
Summary
An opinion piece by criminal lawyer Leonardo Tajaribe Jr. discusses Brazil's ban on bets under Provisional Measure No. 1.394/2026. When balances were returned, the government reportedly found dozens of bettor accounts holding over R$ 500,000 and said it would review them for possible money laundering. The author argues a large balance alone is not grounds for suspicion, and warns that Resolution CMN No. 5.320/2026, which allows administrative blocking of accounts tied to irregular betting, could indirectly hit bettors' funds.
Why it matters
The opinion warns that large balances alone may not justify suspicion and that account blocking could affect bettors’ funds.