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Bolsa Família Beneficiaries Transact Billions via PIX for Betting

A significant sum of R$3 billion has been transferred via PIX by beneficiaries of the Bolsa Família program for betting purposes.


Postada em 28/09/2024 às 07:14
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According to data from the Central Bank of Brazil, between January and September 2023, approximately R$3 billion was transferred from Bolsa Família accounts to betting sites using the PIX instant payment system. This represents a substantial increase compared to the previous year, when only R$1 billion was transferred for similar purposes. The surge in betting transactions has raised concerns among social welfare experts, who argue that the funds should be used for essential expenses rather than gambling. However, proponents of betting argue that it provides a form of entertainment and potential financial gain for low-income individuals. The government has not yet commented on the matter, but it is expected to address the issue in the coming weeks.