Brazil's President Lula Bans Online Betting Ahead of Presidential Election
The order takes effect immediately and gives users until Oct. 5 to withdraw funds, while Congress must approve it within 120 days.
- On Friday, President Luiz Inácio Lula da Silva signed a provisional executive order banning fixed-odds betting, designed to tackle the pervasive problem of families falling into debt.
- The administration cited the 38.8 billion reais annual cost to Brazilian society, with a 2025 study by the Institute of Studies for Health Policies linking betting to rising suicide and depression rates.
- Brazil's main soccer clubs warned of potential financial ruin after betting companies reportedly threatened to terminate sponsorships immediately if the government proceeded with the ban.
- Sen. Flávio Bolsonaro, Lula's rival in the upcoming election, accused the president of an "electoral measure," though polls show the ban enjoys widespread endorsement among Brazilians.
- The provisional order requires congressional approval within 120 days to remain in effect, and users must withdraw funds from betting platforms by October 5 to comply.
38 Articles
38 Articles
Winnipeg Free Press
The IndependentBrazil's President Lula bans online betting ahead of presidential election
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.
Brazilian President Luiz Inácio Lula da Silva has chosen to ban betting, casino, and…
cedarnews.net
TerraThe Lula government announced on Friday the signing of a Provisional Measure banning the operation of betting platforms and virtual games. The Lula government announced the signing of a Provisional Measure banning the operation of betting platforms and virtual games. The Lula government announced the signing of a Provisional Measure banning the operation of betting platforms and virtual games. The Lula government announced the signing of a Provi…
The government is pushing for a temporary measure to ban “bets” and a project that provides for up to six years in prison for its operators; clubs warn that the offensive would lead many teams to “insolvency”
The text has immediate effect from its publication in the Official Journal of the Union, but needs to be endorsed by Congress in 120 days in order not to lose validity.
The Brazilian president announced it this Friday in an act with measures against the "bets".They have already set a deadline for the gamblers to rescue their funds.Critics of Flávio Bolsonaro and confrontation with the clubs.
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