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Brazil’s Finance Ministry calls for tougher rules on sports betting

( November 12, 2025, 14:42 GMT | Official Statement) -- MLex Summary: Representatives from Brazil’s Ministry of Finance and consumer protection groups urged stricter advertising regulations and stronger enforcement against illegal betting sites during a hearing of the Consumer Defense Committee in the Chamber of Deputies. Officials defended the “Bets Law” for providing transparency and safeguards to the sector, warning that proposals to revoke it could create legal uncertainty. The Finance Ministry reported blocking more than 23,000 illegal sites and advocated granting telecom regulator Anatel enforcement authority, while experts called for clearer digital advertising standards to curb irregular promotions. Consumer advocates also raised concerns about rising complaints and debt linked to betting, emphasizing the need for stronger protections in a market where Brazil ranks as the world’s second largest. See press release attached....

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