Brazil’s Decree No. 13,033 Gives Authorities a New Tool to Freeze Illegal Fixed-Odds Betting Funds

Brazilian President Luiz Inácio Lula da Silva has signed Decree No. 13,033, giving the federal government a new mechanism to freeze operations tied to illegal fixed-odds betting operators and, eventually, pursue forfeiture of funds. For PSPs, banks, and payment institutions, the practical point is obvious: once a blocking order