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NSX Brasil investigated for money laundering and tax evasion
The Federal Public Ministry (MPF) and the Receita Federal have launched Operação Jogo de Sombras to investigate the NSX Brasil group, owner of the Betnacional betting platform. The operation targets suspected tax evasion, money laundering, and foreign exchange fraud.
Authorities executed six search and seizure warrants in João Pessoa, Recife, and São Paulo. Investigators allege the group moved over R$ 5 billion in 2025. The investigation suggests that the group used a shell company in Curaçao to simulate that platform operations were occurring outside of Brazil prior to the regulation of fixed-odds betting.
Furthermore, evidence indicates the use of 'pocket accounts' (contas-bolsão) in fintechs to obscure the tracking of funds and the identification of final beneficiaries. The Receita Federal has opened 11 tax proceedings and estimates a potential recovery of approximately R$ 300 million in unpaid taxes. The investigation covers activities occurring both before and after the formal regulation of the betting sector in Brazil.
Entities
Betnacional · Flutter · Flutter Entertainment · Ministério Público Federal · NSX Brasil · NSX Group · Receita Federal
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 11 SOURCES] Six search and seizure warrants were executed in João Pessoa, Recife, and São Paulo. www1.folha.uol.com.br · www.em.com.br · ndmais.com.br · portaln10.com.br · rdmonline.com.br · +6 more
- [● 12 SOURCES] The investigation suggests tax and financial irregularities occurred both before and after the regulation of fixed-odds betting in Brazil. www1.folha.uol.com.br · www.em.com.br · ndmais.com.br · portaln10.com.br · rdmonline.com.br · +7 more
- [● 12 SOURCES] Investigators allege a shell company was created in Curaçao to simulate that platform operations were occurring outside of Brazil. www1.folha.uol.com.br · www.em.com.br · ndmais.com.br · rdmonline.com.br · sbtnews.sbt.com.br · +7 more
- [● 9 SOURCES] Evidence suggests accounts were held in fintechs to hinder the tracking of funds and the identification of final beneficiaries. www1.folha.uol.com.br · www.em.com.br · ndmais.com.br · finsidersbrasil.com.br · rdmonline.com.br · +4 more
- [● 12 SOURCES] The Betnacional platform moved more than R$ 5 billion in 2025. www1.folha.uol.com.br · www.em.com.br · ndmais.com.br · finsidersbrasil.com.br · portaln10.com.br · +7 more
- [● 2 SOURCES] NSX Brasil stated it will cooperate fully with competent authorities. www1.folha.uol.com.br · odia.ig.com.br
- [● 4 SOURCES] The Receita Federal estimates it could recover approximately R$ 300 million in taxes. portaln10.com.br · rdmonline.com.br · sbtnews.sbt.com.br · www.diariodocentrodomundo.com.br
- [● 4 SOURCES] The Receita estimates a potential recovery of approximately R$ 300 million to public coffers. portaln10.com.br · rdmonline.com.br · sbtnews.sbt.com.br · www.diariodocentrodomundo.com.br