Rio de Janeiro has outlawed the use of digital currencies for placing bets and mandates the use of regulated electronic payment methods to enhance security and transparency within the betting sector.
The Rio de Janeiro Consumer Protection Authority has recently unveiled a significant regulation aimed at governing the betting landscape.
A key aspect of these regulations involves banning the acceptance of cryptocurrencies as payment for wagers.
This shift will enable the state government to strengthen its oversight of financial transactions and better protect individuals using licensed betting platforms within the region.
Regulated Banking Now Essential for Betting in Rio
The newly implemented Resolução SEDCON 66/2025 requires all betting-related payments to be processed through systems authorized and supervised by the Brazilian Central Bank. Approved payment options include Pix, TED transfers, debit cards, prepaid cards, and transfers between accounts at the same financial institution.
Alternative payment methods, including cash, checks, credit cards, and, notably, cryptocurrencies, are explicitly forbidden.
The core focus of this resolution is to promote transparency and ensure security: all funds must be transferred directly between verified accounts belonging to the bettor and the betting operator. Transactions involving third-party accounts or unidentified sources are prohibited.
Compliance with these standards will be monitored by the Procon consumer protection agency, which holds the authority to issue fines or suspend operations for any violations.
Crackdown Mirrors National Law and Addresses Risks
This action aligns with Brazil’s national law 14.790/2023, which governs fixed-odds betting. The national legislation’s restriction on payment methods not under governmental supervision underscores the joint federal and state effort to combat illicit activities.
The Rio resolution also addresses responsible gambling, acknowledging the potential social harm of reckless betting akin to the dangers of substance abuse, highlighting the societal safety considerations behind imposing financial limits.
By regulating electronic transfers, authorities aim to curb money laundering and other financial crimes by placing limits on payment amounts.
Industry observers note that the anonymity and ease of use associated with cryptocurrencies, coupled with the absence of institutional oversight, create an environment less conducive to safe betting practices.
The Rio regulation reflects Brazil’s broader commitment to establishing a legal, transparent, and consumer-focused betting industry by eliminating untraceable financial transactions, such as those involving crypto assets.