Brazil's licensed betting sites accept Pix, bank transfers and debit cards, while Bitcoin and USDT stay off their cashiers. One rule explains the split between Brazil's crypto-savvy bettors and its regulated market.
Ordinance 615, issued by the Ministry of Finance's betting secretariat in April 2024, sets out how money may move into and out of licensed betting accounts. It lists the payment methods operators may accept and names crypto among those they may not.
Here is what the ordinance says, why Brazil chose that route and what it means for Brazilian fans living abroad.
What Ordinance 615 Says
Deposits and withdrawals must travel as electronic transfers between a bettor's registered account and the operator's transactional account, and the table summarises the rules.
|
Rule |
What it allows or blocks |
|
Permitted methods |
Pix, TED bank transfers, debit cards and prepaid cards |
|
Account rule |
Funds must come from an account registered in the bettor's name |
|
Blocked methods |
Cash, payment slips, cheques, credit cards and third-party payments |
|
Crypto |
Virtual assets and other cryptoassets are explicitly excluded |
Last verified: November 2026
The crypto ban appears in Article 3 of Ordinance 615, which lists "ativos virtuais ou outros tipos de criptoativos" among the methods operators may not accept.
The Reasoning Behind the Crypto Exclusion
Brazil's regulators wanted every real in and out of a betting account to pass through a traceable, regulated payment channel tied to the bettor's identity. Crypto transfers move between wallets outside the banking system, which breaks that model.
Anti-money laundering checks gain from the rule, and bettors lose the option to gamble on credit or through other people's accounts. Brazilian law firm Demarest summarised the ordinance as part of the payment rules for the new licensed market.
How to Check a Licensed Site
Licensed operators use .bet.br domains, and the government publishes a service to consult authorised companies. Residents can confirm a site's status there before depositing.
Rules for Residents of Brazil
People living in Brazil should bet only with .bet.br operators and fund their accounts through the permitted methods. Offshore crypto sportsbooks fall outside the licensed market, whatever features they offer.
Other countries take a different view, and crypto regulation for betting sites ranges from outright bans to dedicated licences.
Brazilians Living Abroad
Brazilians living abroad fall under the gambling law where they reside, since Ordinance 615 governs Brazil's licensed market. Some host countries allow crypto betting, while others ban it or license only local operators.
Stablecoins appeal to many expats who want a dollar-pegged balance, and stablecoin deposits work much like any other crypto transfer, without the price swings.
Dexsport's Stablecoin Cashier for Fans Abroad
Dexsport trades under Dexapp LTD's Anjouan licence and has no Brazilian authorisation, which places it outside the .bet.br system. Residents of Brazil should use a licensed operator instead.
For Brazilians abroad where local law allows it, Dexsport accepts USDT on 15 routes and USDC on 10, and its prediction markets settle only in stablecoins. Confirm current options on the platform first, since USDT, USDC and other cashier stablecoins differ in issuer and network support.
Conclusion
Brazil's .bet.br sites refuse crypto because Ordinance 615 limits payments to registered electronic transfers such as Pix, TED and debit cards. Article 3 names virtual assets and cryptoassets among the excluded methods, next to cash, credit cards and third-party payments.
Traceable channels tied to each bettor's identity support AML checks and player protection, which explains Brazil's choice. Residents should use licensed .bet.br operators and check the government's list of authorised companies, while offshore brands such as Dexsport fall outside that market.
Brazilians abroad face the law where they live. Review those rules before depositing, bet only once you reach legal age and expect that KYC or AML checks may apply.
Disclaimer: The information here is provided for general purposes only and is not legal, tax, investment, or financial advice. Brazilian regulation, payment rules, supported coins and licences change over time and vary by country. Residents of Brazil should use .bet.br licensed operators. Stablecoins involve issuer and market risk. Betting involves risk, and rules vary by country, so check the law where you live. Please bet responsibly, within your means, and only if you are of legal age.
