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Brazil’s President Lula bans online betting ahead of presidential election
The order targets a market that drew R$88.4 billion in bets in the first half of 2026 and faces a court challenge from industry groups.
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.
BRAZILIAN President Luiz Inacio Lula da Silva announced a ban on online betting in South America's largest country on Friday and unveiled a new program aimed at households to make debt repayments easier.
The decree prohibits "exploiting, bidding, mediating and advertising" sports betting or online casino games "all over the national territory." More information: Parliamentary Revés a Lula: Brazilian Congress approves the reduction of Bolsonaro's beating sentence