Tag Archives: Bolsa Familia

The Central Bank of Brazil (BCB) has recognised that there are technical obstacles for intervening in the use of welfare funds for ‘gambling purposes’ by beneficiaries. On Monday, the National Institute of Social Security (INSS), the body responsible for social security and pensions in Brazil, formally asked BCB for support in the implementation of a strategy to prevent betting on …

Brazil’s National Institute of Social Security (INSS) is reportedly looking at how to ban social benefits as payments for sports betting. In an interview with news outlet Estadão, INSS President Alessandro Stefanutto shared that his organisation – in charge of distributing welfare funds to disabled and low-income elderly people – is in the process of creating research that will show …

The Senate of Brazil has authorised a Commission of Inquiry (CPI) to investigate the financial impacts of the upcoming Bets regime, which will regulate fixed-odds betting and online gambling in the country. Senator Soraya Thronicke, representing Mato Grosso do Sul, initiated the request for the inquiry and gained the support of 30 senators to launch the “CPI of Bets.” According …