🏦 Brazil makes banks liable for illegal bets

Brazil’s President Lula has signed a decree that makes banks jointly liable for payments linked to illegal betting. The move targets a shadow market reportedly worth BRL40bn and affecting 25.2 million players, according to thegambler.media. ⚖️ Why it matters: payment controls are becoming a frontline tool in gambling regulation. For operators and suppliers, it is a clear signal that compliance will increasingly extend beyond licence holders to banks and payment rails. 🇧🇷📊