Influencer Rico Melquiades Denies Using Demo Accounts in Online Gambling Testimony

BRASÍLIA - Rico Melquiades, popular Brazilian influencer, appeared before the Senate's CPI das Bets (Betting Parliamentary Inquiry Committee) on Wednesday. His testimony focused on allegations of using "demo accounts," accounts with simulated winnings, to promote online gambling. Melquiades categorically denied these claims, stating, "I know what a demo account is, but I never used one. I use my personal accounts." The CPI is investigating the influence of influencers on the online betting market. While Melquiades confirmed having advertising contracts with betting companies, he denied any direct involvement with unregulated operators or receiving additional income from increased gambler losses. The influencer, who boasts over ten million followers, is an ambassador for a betting company currently operating under a temporary court order, lacking the necessary authorization from the Ministry of Finance. The CPI's investigation continues to shed light on a growing concern regarding responsible online gambling and the role of influencers in this sector. The hearings are expected to continue, with further testimonies from key figures in the industry.