Brazil’s President Lula Bans Online Betting Ahead of Presidential Election – WTOP News
- On Friday, President Luiz Inácio Lula da Silva signed a provisional executive order banning fixed-odds betting, designed to tackle families falling into debt ahead of next week's presidential election.
- Officials claim the ban addresses public health crises and economic drainage, citing a 2025 study showing betting costs Brazil 38.8 billion reais annually and increases suicide and depression rates.
- Brazil's main soccer clubs warned of financial ruin after betting companies reportedly threatened to terminate sponsorships immediately if the government proceeded with the ban.
- Sen. Flávio Bolsonaro, Lula's main rival in the upcoming election, accused the leader of an "electoral measure," though polls show widespread public support for the ban among Brazilians.
- The provisional order takes effect immediately but requires congressional approval within 120 days to remain in effect; users must withdraw funds from platforms by October 5.
131 Articles
131 Articles
Online gambling is banned in Brazil with immediate effect. Brazilian President Luiz Inácio ‘Lula’ da Silva issued a presidential decree on Friday...
Brazil’s President Lula bans online betting ahead of presidential election – WTOP News
RIO DE JANEIRO (AP) — Brazil’s President Luiz Inácio Lula da Silva on Friday signed an order banning fixed-odds betting just over a week ahead of the first round of the presidential election, in a move he said was designed to tackle the pervasive problem of families falling into debt. The decision ends the operation,...
Algemeen Dagblad
Online gambling is banned in Brazil with immediate effect. Brazilian President Luiz Inácio ‘Lula’ da Silva issued a presidential decree on Friday making it impossible to deposit money on gambling sites.
The Seattle Times
The Hamilton SpectatorBrazil’s President Lula bans online betting ahead of presidential election
Brazil’s President Lula da Silva has signed an order to ban fixed-odds betting.
Brazilian President Luiz Inácio Lula da Silva has chosen to ban betting, casino, and…
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