Brazil’s parliament receives a bill to fully ban online betting

A bill has been introduced in Brazil’s parliament to impose a complete ban on online betting. For high-risk PSPs, the important part is simple: if the proposal moves forward, it would directly affect card processing, acquiring, and payment flows tied to the betting vertical in one of the region’s biggest markets.

1. The proposal was filed in Brazil’s parliament, and its goal is a full prohibition on online betting.
2. No further details were provided in the source on the bill’s sponsor, the legislative timeline, or any carve-outs for specific betting products.
3. For payment providers serving betting merchants, the practical question is whether this becomes another jurisdiction where underwriting, routing, and ongoing monitoring need to be reassessed before the law even reaches the finish line.