LUN 21 DE ABRIL DE 2025 - 14:54hs.
According to the agency's president

INSS considers banning BPC money in sports betting

The president of the National Institute of Social Security (INSS), Alessandro Stefanutto, stated this Sunday (19) that the agency is considering banning the use of money from the Continuous Benefit Payment (BPC) in the so-called 'Bets'. In an interview with Coluna do Estadão, Stefanutto said that he will request information from the Central Bank, which last year indicated transfers to bets with Bolsa Família funds, also intended exclusively for people in social vulnerability.

BPC is a benefit of one minimum monthly wage paid by INSS to people with disabilities and low-income elderly people who are unable to support themselves. This is a group with high social vulnerability, whose monthly family income per person does not exceed R$706 (US$ 116), or R$24 (US$4) per day. To obtain the benefit, it is not necessary to have contributed to INSS.

BPC is to alleviate poverty. If there is use for sports betting, either we grant the wrong benefit, because the person is not poor, or there is a misuse of the resource. We are conducting a regulatory study on this issue in the technical area, which will then be presented to the Ministry of Social Security,” said Stefanutto, who was the attorney general of the INSS before heading the agency.

The use of INSS money for sports betting is already prohibited for retirees, pensioners and beneficiaries who advance R$150 (US$ 24,7) interest-free from their monthly benefits. The advance was launched by the federal government at the end of last year.

The banks that operate the advance already have expertise in vetoing the CNPJs of sports betting companies. If we allow bets, we will feed addictions”, said the president of the institute.

Source: Estadão