Legislation
Brazil – Online gambling blocking payment bill under review
By James - 30 August 2022
A bill that would that would ban online payments to unauthorized betting and lottery sites based abroad is under review in the chamber of deputies. Deputy Pastor Gil (Gildenemir de Lima Sousa) presented bill PL1823/2022 in the Brazilian Chamber of Deputies in July.
Under the proposal, Brazil’s central bank would have to establish rules to determine the cancellation of such transactions, and prohibit transfers between buyers and suppliers.
Specifically, Bill 1,823/22 prohibits financial entities that issue credit or debit cards, as well as any other payment entity, from authorizing Internet transactions in order to allow for the participation in unauthorized games of chance and lotteries, as well as access to child pornography.
“If the seller realizes that there is a risk of not receiving [the product], they will be dissuaded from accepting credit or debit cards or electronic money as a means of payment,” the member of the evangelical bench said.
The proposal will be examined by the Finance and Taxation committees and the Committee on Constitution, Justice and Citizenship.
