In Brazil, banks and payment organizations closed 323 accounts of individuals and legal entities in Q1 2026 due to suspicions of organizing illegal iGaming operations or facilitating their activities. This information was reported by O Globo, citing data from the payment system Pay4Fun obtained from the Ministry of Finance under the Access to Information Law.
In January, 65 accounts were closed, followed by 127 in February, and the number rose to 131 in March after operations inconsistent with the declared activities of the account holders were identified. The publication highlights several signs of suspicious activity, including thousands of transfers through the Pix instant payment system within short timeframes and the use of third-party accounts.
Companies registered for trading or providing services that accepted funds from thousands of players and conducted mass payouts to individuals also came under suspicion.