HomeBRAZILCRIMINAL GANGS LEVERAGE ONLINE BETTING FOR MONEY LAUNDERING AND PROFIT: A DEEPENING...

CRIMINAL GANGS LEVERAGE ONLINE BETTING FOR MONEY LAUNDERING AND PROFIT: A DEEPENING THREAT IN BRAZIL

Criminal factions, such as First Capital Command (PCC), Red Command (CV), and “Jogo do Bicho” (gambling) mafias are already competing for shares of the sports betting market. Newspaper O GLOBO found police investigations in states such as Rio, Ceará, and Rondônia that indicate the use of online betting, legalized in Brazil since 2018, to maximize or launder revenue from illicit activities. The onslaught of criminal organizations was mixed with territorial fights, including murders, fires, and attacks on betting points.

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