
Technical note from the Ministry of Finance reveals billion-dollar movements and investigates oversight failures on the Blaze platform
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Willer Tomaz and Flávio Bolsonaro are being investigated in an investigation into alleged INSS fraud. Blaze is an online betting platform that faces regulatory scrutiny in Brazil.
A technical note from the Ministry of Finance shows that lawyer Willer Tomaz, a friend of candidate Flávio Bolsonaro (PL), was the biggest bet bettor in all of Brazil in 2025 and points out that the company Blaze did not comply with its inspection and control obligations that authorized it to operate in the country.
The document from the Prizes and Bets Secretariat, revealed by UOL and to which Folha also had access, states that Tomaz handled a total of R$5 billion in bets during the period and withdrew more than R$200 million — the majority of this amount was transacted within the platform itself, that is, amounts won, re-bet or lost.
"[He] is, by a large margin, the person with the highest combined volume of deposits and withdrawals on authorized platforms in Brazil in 2025, totaling around R$350 million in these operations — more than 60% more than the person in second position on that list", says the note, from October this year.
The PF (Federal Police) investigates these movements and suspects that they may be a way of hiding the origin of illicit resources.
When contacted, the lawyer said that the issue is "the subject of ongoing legal action", that "the resources have a lawful origin, are compatible with their income and are included in their declaration to the Federal Revenue", but that the figures presented by the Treasury "do not correspond to reality".
"It is strange that a technical document from a federal agency, containing data protected by secrecy, reaches the press precisely during the election period", he added.
Willer Tomaz is a friend of Flávio Bolsonaro, PL's presidential candidate. Both Tomaz and the senator are being investigated in the same investigation for possible involvement in fraud at the INSS (National Social Security Institute).
When contacted, Flávio's campaign told the reporter that the senator is not being investigated by the Supreme Court and that the files that reached the STF have not yet been converted into an investigation, as there has not yet been a statement from the PGR (Attorney General's Office) or any judicial decision in the matter.
As Folha showed, an online betting holding company owned by Tomaz paid for flights between Portugal and France in 2025 for Flávio. At the time, the candidate said that his relationship with Willer is exclusively one of friendship. "Associating this personal affinity with assumptions of irregularities is a mere illusion, without any basis in fact," he stated.
The Ministry of Finance opened an administrative proceeding against Blaze to investigate violations reported by Tomaz, in action seeking compensation for money lost in rounds of online blackjack and roulette. The company is subject to a fine of up to R$2 billion.
According to the case records, Tomaz made 2,145 deposits on the platform, which totaled R$325.3 million, and received R$180.3 million back in 2,733 withdrawals, which leaves a negative balance of R$145 million.
Foggo Entertainment, which owns the rights to the Blaze brand in Brazil, stated at the time that it does not comment on ongoing legal proceedings. "The company reiterates its commitment to transparency, ethics and strict compliance with the legal framework in force in the country."
AI outlook — possibilities, not facts
Administrative proceedings against Blaze could result in a fine of up to R$2 billion.
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