Brazilian Police Investigate $9.2m Illegal Betting Network Fueled by Influencers

The scheme reportedly relied on digital influencers, offshore betting platforms, and fabricated “investment” opportunities to attract victims.

According to information released by investigators, the operation is being examined by the Federal Police and is suspected of being led by two men from Rio de Janeiro: João Marcos Simião, 24, and Matheus Cabral, 26. Despite regularly showcasing luxury cars, designer jewellery, and international travel on social media, authorities say neither individual had legitimate employment or declared income consistent with their apparent wealth.

Police allege that the group operated through foreign-based binary options platforms that are not authorised to operate in Brazil. Influencers were allegedly paid a percentage of the losses incurred by users they recruited, incentivising aggressive promotion across social media channels. Promotional content frequently featured high-end lifestyles, creating the impression of easy profits and financial success.

Investigators claim that users who appeared to be making consistent profits were blocked from accessing their accounts, a tactic designed to prevent withdrawals and conceal the true nature of the scheme. Authorities also identified the use of so-called “Chinese sessions,” in which participants paid fees for access to supposedly privileged betting tips. These tips were marketed as insider information obtained through contacts abroad, but police believe they were entirely fabricated.

The investigation further uncovered the alleged use of shell companies, including X Seven Investimentos and JM777 Marketing, which were reportedly created to launder illicit proceeds and obscure financial trails.

As part of the operation, police executed search and seizure warrants that led to the confiscation of nine luxury vehicles, 17 computers, 12 mobile phones, various items of jewellery, and approximately BR25,000 in cash.

The case forms part of a broader crackdown on illegal betting and gambling-related fraud in Brazil. It follows other recent enforcement actions, including a separate lottery scam known as the “winning ticket” scheme, in which victims were persuaded to hand over large sums of money in exchange for false promises of access to a prize-winning ticket.

Authorities warn that these cases demonstrate how traditional fraud methods are increasingly being repackaged and amplified through digital platforms, influencer marketing, and social media reach.