Rio de Janeiro Bans Cryptocurrency Betting Payments, Tightens Oversight with Banking Transfers
Rio de Janeiro's Consumer Defense Authority has enacted Resolução SEDCON 66/2025, a sweeping regulation that bars the use of cryptocurrencies for gambling transactions. The MOVE mandates all betting payments to flow exclusively through Brazil’s regulated banking channels, including Pix, TED transfers, and debit cards. Cryptocurrencies, cash, and credit cards are now prohibited.
The resolution aims to enhance transparency and curb financial crime in the state’s rapidly expanding betting sector. While crypto betting platforms have gained global traction—offering competitive odds and digital coin flexibility—Rio’s crackdown aligns with broader efforts to centralize oversight. Experts note the shift could Ripple through markets reliant on crypto gambling liquidity.
