Brazil’s largest illegal betting network moved $9.7 billion since autumn 2025, using 37 shell companies and intermediary payment services

Brazilian law enforcement says the network processed $9.7 billion since autumn 2025, with payments routed through 37 different shell companies and intermediary payment services. For PSPs and acquirers, the useful part is not the headline number; it is the plumbing: a large-scale betting flow was broken up across multiple entities and payment layers.

1. The scheme was described as Brazil’s largest underground betting network, and authorities said it moved $9.7 billion from autumn 2025.
2. According to the source, the network relied on 37 different shell companies and intermediary payment services. That combination matters because it is exactly how high-volume gambling flows are often split across multiple merchant identities and processors.
3. No additional jurisdictional or regulatory details were provided in the source, so the key operational takeaway is limited to the payment structure itself: the network used layered entities and services rather than a single obvious merchant account.