The Central Bank of Brazil has monitored R$30 Billion per month since Bets activation. However its leadership warns ministers that Pix payment system cannot be ssed as a consumer control…
The highest-ranking officials of Brazil’s Central Bank have become the latest figureheads to provide testimony to the Commission of Inquiry on Online Gambling (CPI of Bets).
Gabriel Galípolo, President of the Central Bank, was joined by Executive Secretary Rogério Lucca to face questions from CPI Chair Senator Soraya Thronicke (Podemos-MS) and other senators and ministers in attendance.
Taking place on Tuesday, the hearing of the Central Bank executives was deemed critical by the Commission in determining measures to “limit consumers from excessive debt” – the principal remit which sanctioned the CPI of Bets.
The hearing opened with Galípolo and Lucca providing an analysis of the market expansion of the Bets regime following its activation on 1 January 2024.
Luc..