Wednesday, October 21, 2026
No Result
View All Result
Blockchain 24hrs
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoins
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Blockchain Justice
  • Analysis
Crypto Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoins
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Blockchain Justice
  • Analysis
No Result
View All Result
Blockchain 24hrs
No Result
View All Result

‘Betting Makes You Lose Money’

Home Bitcoin
Share on FacebookShare on Twitter


Key Takeaways

Each advert from a licensed Brazilian operator should carry a Finance Ministry warning, reminiscent of “betting makes you lose cash.”Advertisements can not current betting as funding, present winnings as bait, or use commentators’ authority to induce wagers.Violators face fines as much as 20% of income, 180-day suspensions, and license revocation; guidelines chunk from July 17.

A cigarette-label mannequin for playing advertisements

Finance Minister Dario Durigan introduced the bundle Thursday, with two ordinances slated for publication within the official gazette Friday and a compliance deadline of July 17. The centerpiece requires each commercial from a certified operator to hold considered one of three warnings within the Finance Ministry’s title, modeled on the labels lengthy obligatory for cigarettes, alcohol, and medicines: “betting makes you lose cash,” “betting could cause dependancy,” or “betting shouldn’t be an funding.”

Operators are barred from creating a way of urgency to guess, presenting wagers as investments or a monetary resolution for households, and showcasing winnings or prize histories as bait. “Nothing about displaying winnings as a lure, nothing about promoting betting as straightforward cash, as funding, or as a monetary resolution for households,” Durigan mentioned, per Agência Brasil.

A particular provision targets the sports-media ecosystem: commentators, pundits, and narrators might not use their authority to steer audiences towards bets. Statements carrying “a veneer of technical backing” that direct a shopper towards a selected wager are off-limits, Durigan mentioned – a restriction that gained visibility throughout World Cup broadcasts, the place the amount of betting promotion woven into transmissions has drawn public criticism. The minister additionally pledged zero tolerance for promoting that reaches youngsters or adolescents.

A second ordinance, issued collectively with the Justice Ministry, tightens the screws on unlicensed operators. Media retailers, promoting companies, and influencers are prohibited from carrying any promotion for a platform not approved to function in Brazil – Durigan referred to as the federal government’s stance on unlawful operators “zero tolerance.” Since regulation took impact, authorities have taken down 56,000 unlawful betting websites and roughly 1,000 influencer profiles, and round 1,000,000 bettors have been positioned in mandated self-exclusion for failing to fulfill authorized necessities. Operators that violate the promoting guidelines face fines of as much as 20% of income, suspension for as much as 180 days, and, for severe repeat offences, revocation of their license to function within the Brazilian market.

In latest months, Brazil has moved from blocking unlawful betting websites to freezing and seizing the financial institution funds behind them underneath a June decree, whereas federal police have raided crypto-laundering betting rings tied to the unlawful market. The federal government has additionally banned unlicensed prediction-market platforms reminiscent of Kalshi and Polymarket, classifying them as unlawful betting slightly than monetary devices. The brand new advert guidelines prolong that strain from the operators themselves to the media, companies, and influencers that carry their promotion – tightening the perimeter round a market Brazil legalized solely in January 2025, doing so on the sport’s highest-attention second.



Source link

Tags: bettingLoseMoney
Previous Post

Ransomware Hacker Pleads Guilty After $15M Bitcoin Extortion Scheme

Next Post

AI Needed a Financial Layer, Crypto Needed a Use Case, They May Have Found Each Other

Related Posts

OCC Finalizes GENIUS Act Rules as Stablecoin Yield Faces Limits
Bitcoin

OCC Finalizes GENIUS Act Rules as Stablecoin Yield Faces Limits

October 21, 2026
France Votes to Tax Stablecoin Swaps at 31.4%
Bitcoin

France Votes to Tax Stablecoin Swaps at 31.4%

October 21, 2026
Musk’s SpaceX Earnings Rocket Higher as Bitcoin Stash Holds Firm
Bitcoin

Musk’s SpaceX Earnings Rocket Higher as Bitcoin Stash Holds Firm

October 21, 2026
Liquid Network Announces Final Stages Of Recovery
Bitcoin

Liquid Network Announces Final Stages Of Recovery

October 21, 2026
XRPL Lending Proposal Adds Closed-Ended Vault Design To Protocol Plans
Bitcoin

XRPL Lending Proposal Adds Closed-Ended Vault Design To Protocol Plans

October 20, 2026
Hyperliquid Policy Center Calls For Five Changes To SEC Crypto Rule
Bitcoin

Hyperliquid Policy Center Calls For Five Changes To SEC Crypto Rule

October 21, 2026
Next Post
AI Needed a Financial Layer, Crypto Needed a Use Case, They May Have Found Each Other

AI Needed a Financial Layer, Crypto Needed a Use Case, They May Have Found Each Other

Zapper, Early DeFi Portfolio Dashboard, Will Shut Down After Seven Years Zapper, Early DeFi Portfolio Dashboard, Will Shut Down After Seven Years

Zapper, Early DeFi Portfolio Dashboard, Will Shut Down After Seven Years Zapper, Early DeFi Portfolio Dashboard, Will Shut Down After Seven Years

Facebook Twitter Instagram Youtube RSS
Blockchain 24hrs

Blockchain 24hrs delivers the latest cryptocurrency and blockchain technology news, expert analysis, and market trends. Stay informed with round-the-clock updates and insights from the world of digital currencies.

CATEGORIES

  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Blockchain Justice
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Web3

SITEMAP

  • About Us
  • Advertise With Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2024 Blockchain 24hrs.
Blockchain 24hrs is not responsible for the content of external sites.

  • bitcoinBitcoin(BTC)$83,686.002.87%
  • ethereumEthereum(ETH)$2,478.113.65%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$745.802.10%
  • rippleXRP(XRP)$1.365.11%
  • usd-coinUSDC(USDC)$1.00-0.05%
  • solanaSolana(SOL)$107.192.75%
  • tronTRON(TRX)$0.3311570.00%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.030.49%
  • zcashZcash(ZEC)$1,314.4214.84%
No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoins
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Blockchain Justice
  • Analysis
Crypto Marketcap

Copyright © 2024 Blockchain 24hrs.
Blockchain 24hrs is not responsible for the content of external sites.